Julia's Blog
By Julia Hartman
Download PDF It is time all the reactionary politicians got their facts straight. The only thing that is going to improve the housing crisis is more housing not punishing landlords. That is like moving the deck chairs on the Titanic. Landlord’s need to offset their losses, for example large repairs for tenant damage. Nevertheless, we …
Download PDF Unless everyone you want to provide for already has income of over $135,000 a year investment bonds do not offer a tax benefit. Even then the limited tax benefit may be completely offset by the fact that capital gains on investment bonds do not qualify for the 50% CGT discount. Probably the …
Download PDF The taxpayer, Paul Lance, argued that the sale of Sutton Farm as one block with subdivision approval was the sale of a property that he had intended to occupy as his home. He tried to argue that he only applied for the subdivision so his children could live there too. Therefore, he …
Download PDF Australia does not have an inheritance tax as such but watch them rip into your inheritance if it comes from overseas. This blog covers most common scenarios but not all possible circumstances. It is certainly not definitive advice. Firstly, what is an overseas estate? One that does not have an …
Download PDF Drawing the deposit for an investment property from a line of credit or similar account that is also used for other purposes will very quickly lead to none of the interest charged on the deposit being tax deductible. That is probably a reduction of 20% of the interest you can claim each …