The ATO has issued a warning to property investors this tax time following rental income and deduction errors found in over 70 per cent of tax returns audited last financial year.
When we buy property or other assets we generally give little or no thought to the legal ownership of that asset. Often we are swept away “in the moment” and don’t consider the various options or legal implications that may arise in the future. No thinks to ask the question, have I purchased in the correct legal structure? Is there a better way?
A kitchen is a substantial expense and careful planning can ensure you stay on budget. If you find your investment property is in need of a new kitchen there are a few things that you should know:
With interest rates at record lows and little chance of a change in sight, creating a reliable income in retirement can be challenging.
It's good news! Self-Managed Superannuation Fund borrowing has been given the green light to continue by the Government despite the FSI report.
Tuesday the 17th November saw a terrific turnout by Paris Financial clients to hear Martyn Rose from Morgan Stanley and Brad Straughair from Domain Property go head to head and toe to toe as they debated the respective benefits and advantages of their chosen assets – property and shares.
Both guests were very generous with their time and passionate opinions, which were possibly enhanced by the products of Daniel of Tellurian wines who conducted expert wine tasting with some generous prizes going good clients Dennis and Greg, enjoy the wine gentlemen!
So who won the debate?
Australians have a love affair with property with many of us owning an investment property in addition to our primary home of residence. This love affair has continued in recent years with a number of Australians setting up a self managed superannuation fund (SMSF) in order to invest in property.