Can you recommend a valuer to perform a market rent valuation for NRAS purposes? The apartment is in WA. While the NRAS Consortium would...
There is nothing wrong with a trust lending to beneficiaries (if the trust deed allows it). It happens all the time. Ordinarily, the trustee...
Don't forget about duty, especially in WA, Queensland and NT which still have duty on non-real property business assets.
Why is there the assumption with this type of analysis that none of the capital of the super fund should be used to fund retirement? The fact you...
I was referring to treating all members of a family (e.g. mum, dad and the kids) as a single taxpayer with one tax free threshold. I wasn't...
Labor's proposal (here) to 'reform' the taxation of discretionary trusts by imposing a minimum 30% tax rate to trust distributions is just...
Why do most property managers charge a fee based on a percentage of the rent? I have issues with percentage based fees in most industries but for...
If you are interested in reading the judgment you can do so here: Uber B.V. v Commissioner of Taxation [2017] FCA 110
Providing taxi travel services through ride-sourcing and your tax obligations What is the ATO's compliance approach to ride-sourcing? We do not...
I have clients who had a SMSF with human trustees. The fund has now been wound up but prior to being wound up the ATO issued the fund a notice of...
Who is the trustee of the family trust? If it is you, then you could buy the shares in your own name but you would need to be able to...
Jess, don't assume that you will get the best financial result by maintaining your eligibility for the CGT main residence exemption. You might...
I think that is how it will be administered. What you say does have some legal basis but I'm not sure how you would practically apportion without...
Let's say you buy the property with the primary intention of renting out the house. The land at the back of the property is superfluous for this...
Properties in NZ would not be taxable Australian Property and would be subject to CGT if you stop being an Australian resident.
I don't think this is correct. CGT event I1 is the relevant event but it only applies to assets that are not "taxable Australian property" (e.g....
That is not correct. CGT withholding applies to non-residents for Australian tax purposes even if they are Australian citizens. As it is a...
As @Terry said, you need to consider if CGT will apply or if you will be taxed on revenue account. If you subdivide, build and sell, CGT probably...
Record keeping requirement is generally 5 years but subject to cost base point identified by @Propertunity: Keeping your tax records | Australian...
I don't think you can take into account vacancy periods in the way you are suggesting.
Separate names with a comma.