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It’s a question gaining interest as property investors look for opportunities outside of Australia’s housing market. With the Federal Budget’s negative gearing and capital gains tax changes (kicking in from 1 July 2027) already making some investors rethink Australian residential property, a growing number are casting their eyes across the Tasman. Why New Zealand? Ray… Read more »
You’re probably sick of the wall-to-wall budget analysis so I’ve kept my snapshot short and sweet: The next 12 months will continue to be tough for Australian households. The cost of living crisis will continue, wages won’t keep pace with inflation, interest rates will stay higher for longer and while the economy will slow, it… Read more »
Punishing property investors has wider implications for the housing crisis … particularly the rental market. Rents are rising faster than inflation, so recently I shared some ways tenants can push back. Now, with the Federal Government considering changes to capital gains tax concessions as part of the housing affordability debate, renters have more to worry… Read more »
If you’re one of the lucky Australians with a holiday house, you may have enjoyed a rejuvenating break at your “home away from home” these holidays. But while you were soaking up the sun and making memories, the Australian Tax Office wasn’t on holiday. Not at all. This year, property owners like you are firmly… Read more »
Selling a business, receiving an inheritance or picking the trifecta on the Melbourne Cup can all result in an unexpected windfall. But working out what to do with the money is not always simple. There are so many options out there and no one wants to throw it all away doing something stupid. So if… Read more »
Don’t be too quick getting your tax return in. I know a lot of people are hanging out for a potential tax refund but don’t be too quick. Chartered Accountants Australia and NZ is encouraging Australians to keep calm and take time lodging their tax return to avoid making costly mistakes. It takes a few… Read more »
The June 30 financial year deadline is upon us. It’s time to check your tax strategy, rebalance portfolios and set some strong foundations for the year ahead. InvestmentMarkets has put together a good checklist to help us make sure we are across everything. Whether you’re managing an SMSF, rethinking your super contributions, or realising gains… Read more »
Investing into real estate is about creating wealth, not reducing taxes. I don’t think this is spoken about enough, because I still see countless ads on social media suggesting that everyone should buy property to reduce their taxes and I’ve spoken to clients who have received the same advice from accountants. I think this is… Read more »
So, you’ve just got a pay rise – what’s not to celebrate? Well, if you’ve been bumped over $97,000, it turns out you may need to pay an extra charge at tax time. The Medicare Levy Surcharge – aka the MLS – is a tax intended to encourage Aussies to take out private hospital cover,… Read more »
Abolish negative gearing at your peril … but there is no doubt it needs reform. The system is being rorted! Negative gearing was introduced into Australia in 1936, in the midst of the Great Depression, to encourage investors to buy property and then rent them out to those who can’t afford to buy their own… Read more »
