Some of the main tax issues affecting property in Australia
Property ownership is such an important issue for many people, we want to remind everyone of some recent changes to: … Continued
Tag: taxation
Top Tax Tips – 1 Aug 2018
Revenue and capital distinction in property development transactions When landowners (e.g. back-yard developers or established property developers) enter into an … Continued
Non-Commercial Losses Explained
Any losses you incur as a sole trader or partnership in business are called “Non-commercial Losses”. If the tests are … Continued
How the new GST Withholding rules may impact your next property development
In December 2017, Nexia Edwards Marshall released a Taxation Update regarding the proposed GST withholding rules on new residential premises to curb … Continued
Top Tax Tips – 25 July 2018
Are you ready for the Wine Equalisation Tax (WET) changes? Generally, Wine Equalisation Tax (WET) is payable at a rate … Continued
How to be in good tax health by 30 June 2018
With the end of the 2018 income tax year ending on 30 June, this document draws your attention to year-end … Continued
Top Tax Tips – 18 April 2018
Common Fringe Benefits Tax errors to avoid As mentioned in a previous Top Tax Tips, we recently published a FBT Year End … Continued
Top Tax Tips – 11 April 2018
Lodge your 2017 research and development (R&D) claims by 30 April 2018 Certain companies can claim a tax offset for … Continued
Top Tax Tips – 4 April 2018
What are legitimate holiday home tax deductions? A taxpayer that owns and rents a holiday home can claim tax deductions … Continued
Consider not selling your home when you are a non-resident for tax purposes
You may lose the main residence exemption if you sell after 1 July 2019 What happened? Currently, any individual (regardless of … Continued