Tax Tip 547: Deductions When Business run from Home Where the owner of the property also runs a business from home expenses incurred on the home...
Where a person sets up a company to hold property, and where they have no non-deductible debt, they may wish to lend extra money to the company so...
Tax Tip 545: Increasing and Existing Investment Loans and Tax Issues I was talking to a client recently who wanted to increase and existing...
The main residence CGT exemption can only apply in full where the taxpayer moves in ‘as soon as practical’ because of Section 118-135 ITAA97 which...
Tax Tip 543: Lenders Causing Mixed Loans when Refinancing I have seen a few people end up with mixed loans because of the way lenders do things....
Loan Tip: Can you Borrow Against Someone Else’s Property? Generally speaking (or writing in this case), to be able to borrow money you will need...
Tax Tip 542: Main Residence Exemption – Non Resident never Lived in Property Buying a house and never living in it and being a non-resident can...
Depreciation on plan and equipment of fixtures and fittings is no longer available, for most taxpayers, on second hand items because of new...
Loan Tip: Related Party Transfers and Bank Loans Transferring title to a related party will usually require new loans to be obtained by the new...
It could be misleading and deceptive practice if an owner of a property failed to disclose certain things about that property. One of these things...
From a tax point of view, refinancing a loan means using one or more loans to pay out one or more other loans. It doesn’t necessarily mean...
A way to do it might be to structure the business so that it is owned and operated by a company. The individual could take a small wage to meet...
Legal Tip 433: Beneficial Ownership of Shares – ASIC Records of Beneficial Owner At the moment there is no need to inform ASIC of who a...
Interest only loans generally have a maximum term of 5 years before they will revert back to PI. This generally cannot be extended to another 5...
In general buyer’s agent fees are not deductible. However, it will depend on what the fee charged is for and what the tax position of their...
Tax Tip 537: Applying the 6 Year Rule to Multiple Properties There is a lot of confusion out there with the so called ‘6 year rule’ – which...
A company doesn’t exist until it is registered. However, It is possible for the promoter of a company to cause the company to enter into a...
There is a lot of misinformation out there about using trusts to get ‘unlimited serviceability’. Here is my take as a lawyer, tax adviser and...
A while back, I encountered a client with a mixed loan and he thought it didn’t matter as both uses of the loan were investments. But it did...
Tax Tip 535: ABNs, TFNs and GST for Trusts and Companies ABN is an Australian Business Number TFN is Tax File Number GST is Goods and Services...
Separate names with a comma.