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You’ve just finished your tax return at tax time. The hard part is done. But then you look at the pile of receipts, invoices, and digital files you’ve gathered over the past year. Now you’re wondering: Do I have to keep all of this? It’s a common dilemma. Individuals, sole traders, and small business owners…
Tax season is upon us! Are there legitimate ways you can save money on your tax bill this year? There could be! Smart tax planning isn’t about finding loopholes; it’s about knowing how to make the most of the ATO rules that apply to you. If you want to know how to save on tax…
“Does it stay or does it go?” If you’ve ever asked this question about something while inspecting a property to buy, sell, or lease, this blog is for you! The difference between fittings and fixtures can affect your rights, responsibilities, and even your final sale price or rental agreement. What are fittings and fixtures? Let’s…
When you’re buying, selling, or managing property, you have to deal with a lot of numbers. One set of numbers that often causes confusion is disbursements. These aren’t hidden fees or surprise costs. They’re a normal part of the property transaction process. But if you don’t know what they are, you could end up disputing…
Sick of watching your rental income get chewed up by tax? Of course you are, because you didn’t invest in property just to hand over a chunk of your returns to the ATO! Knowing how to cut your tax bill—legally, of course!—can make a big difference. We’ve compiled this guide for Australian individuals, trusts, and…
You’ve found your dream home; now you’re eagerly waiting for the big day—settlement day! What is a settlement date? It’s the agreed-upon day when you pay the property’s purchase price in full, ownership transfers, the seller hands over the keys, and your homeownership journey truly begins. How Is the Settlement Date Decided? During the contract…
When you’re gearing up for an auction, one number holds the power to seal the deal—the reserve price. What is a reserve price at auction? It’s the lowest amount a seller will accept for their property at auction. If bidding doesn’t hit this figure, the property won’t sell, and the seller can negotiate with interested…
Thinking of selling an investment or business property? Between finding the right buyer and sorting out paperwork, who wants to worry about getting hit with an unexpected tax bill? Knowing when to pay Capital Gains Tax on property means avoiding nasty surprises, keeping the tax office happy, and—most importantly—pocketing more of your well-deserved profit from…
Are you thinking of selling your holiday home abroad or cashing in on your overseas investment property? It pays to pause before putting up a “For Sale” sign. Selling a foreign property can trigger Capital Gains Tax (CGT) in Australia. This tax can take a surprising chunk out of your property’s sale profit. But with…
The real estate industry is filled with jargon. When dealing with real estate professionals, it can feel like they’re speaking a different language! We’ve compiled this list of real estate abbreviations, acronyms, and terms to help you navigate the world of property buying and selling with confidence and clarity. Quick Navigation A B C D…