Can you have a business that doesn't earn the minimum $20k and claim tax deductions? I'm presuming some start up businesses may lose money the...
Hi tax gurus, I think this is a pretty simple question but couldn’t find any previous posts addressing it exactly: I’m undertaking a retain and...
Hi, Need suggestions please. We purchased property in Melbourne around $330k (FHO) in nov 2008 and sold it couple of months back. It was rented...
Hi There, I am looking at purchasing MS Excel for various investment property-related data analysis (could be some amount of personal use but...
A few questions you will need to ask yourself 1. Have you purchased a property that will become your main residence and you currently have a...
So I have an IP that over the years the redraw has added up to about $800 with minor interest reductions etc. I still use an offset for everything...
My partner and I are currently rentvesting. We own a positively geared house in Adelaide which has lost a little bit of value. (I am 25, $90k...
https://www.smh.com.au/politics/federal/bring-forward-tax-cuts-nation-s-biggest-banks-urge-government-20191106-p537w4.html The Morrison...
You’re welcome to try this new tax app. The app is 100% free, no ads, no paid version. I don’t make a cent out of it (but I am the creator)....
Hi all, I am undertaking a retain and build subdivision of a site owned by myself and my wife and looking to create the new vacant lot in my name...
How would this work tax wise please? Purchase Price $305,000 in 2004. Last bank valuation $650,000 when it was main residence until 1/7/2015....
Hi guys, If we trade futures on international markets from down under - when are the taxes supposed to be paid ? Is it annual (i.e. when filing...
I am in the process of buying an IP currently living in an owner occupied apartment with GF. a friend suggested to me to rent out the whole...
My daughter is looking to buy in the next few years. She has employment income and income from her own sole trader which varies from year to year...
Hi all, I'm in the upper tax bracket for personal income tax and I currently have a few shares that I'd like to liquidate (held <12 months), the...
Hi All, If you have a commercial property in your SMSF and want to occupy the property with your business, is it an issue if both the trust and...
Hi New to the forums. Finding a lot of help so far. I'm looking to buy a holiday home - understand this is challenging as "investment". Own...
Hi There, I haven't really used an accountant/tax advisor before and wanted to hear from others on what they experience/expect from a good...
Hi all Is anybody able to confirm whether capital gains are discounted before being offset by carried forward capital losses? e.g. Say I'm...
Hi All, Hope you guys well, Just asking about tax deduction and depreciation query. I bought my investment property before 9/5/2017 (in July...
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