Author: Rebecca Mackie

Property, Property

Tax Considerations When Subdividing Your Land

Did you know that vacant land does not actually get covered by your primary residence CGT exemption. Hence, that land will be subject to tax.

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Property, Property

Reducing Your Tax Bill With An Investment Property

Paris Financial’s property expert, Bec Mackie, is here to discuss the advantages of investing in property and how it can be used to reduce your tax bill.

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Property, Property, Tax Champion

Our Property Expert, Bec Mackie

Bec Mackie is our property expert. Her knowledge of the current housing environment, combined with an all encompassing understanding of property tax requirements, ultimately ensures that you can achieve your financial potential.

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Property, Strategic Financial Advice

Utilising Redraw For Your Investment Property

With an offset account Rachel can claim interest on the full loan amount as she only withdrew the savings from a bank account (albeit linked to her mortgage).  As we can only claim interest on money used for investment purposes the interest on the amount Rachel ‘redrew’ for her new home is not tax deductible meaning difference in deductions against her new rental property of $9,000.

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Blog, Property

Changes To CGT Exemption For Inherited Property

When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.

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Blog, Property

Offset VS Redraw For Property Investors

Having the right loan structure when purchasing a property is imperative, whether you are purchasing a main residence or investment. Here is an explanation of the difference between an offset account and a loan redraw facility.

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Community, Property, Tax

Can I Claim Travel Expenses For My Rental Property?

Travel expenses relating to inspecting, maintaining, or collecting rent for a residential rental property cannot be claimed as deductions by investors. The travel expenditure is also not recognised in the cost base of the property for CGT purposes.

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Blog, Property

Online Accommodation Rentals To Be Targeted By ATO

Australia has seen a huge surge in property owners renting their house or rooms out via the likes of the hugely popular Airbnb app. As a result, the ATO are now going to gain access to data match these online platforms.

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Blog, Property

Rental Bond Data Matching By The ATO

The ATO is expanding its data matching program to include rental property bond data dating back to 20 September 1985 (the introduction of the CGT regime).

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Blog, Property

GST On Property – How Will It Affect You?

There have been some changes to how GST on new properties is accounted for.  These changes are now law, coming in as of 1 July 2018. We are now seeing a number of clients asking how this will actually work.

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Tax

2018 Tax Checklists

We have taken the time to prepare comprehensive Tax Checklists for 2018, designed to guide you in providing all the correct and relevant information to maximise your tax return.

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Tax

Business – What’s changing on 1 July 2018

Here are the key changes coming up for business on 1 July 2018.

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