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The Australian government passed the Fringe Benefits Tax Assessment Act in 1986 to make sure that employers pay the right amount of taxes when they give their workers certain benefits. This act is important for employers because it spells out the rules and regulations for providing these benefits and makes them pay their fair share…
Whether you’re considering going into real estate investment for the first time or looking to invest money and you don’t know how, real estate accounting books are a strong place to start. As a complex and varied area, there are many unique residential and commercial real estate accounting books out there to build your skills,…
Taxes are unavoidable in life, and it’s no secret that when you sell your investment property you’ll be up for capital gains tax (CGT). You might not be able to avoid paying tax altogether, but can you reduce the amount of tax you pay? You’ll be pleased to know that yes – there are simple…
If you’re considering moving to a new property, understanding property taxes is a necessity. After all, you can’t plan your budget if you don’t know how much money you’re giving to the government in the form of taxation. Read on to find out more about property taxes, how to estimate property taxes and how to…
The first step to getting a new property development off the ground is to ensure the project is properly financed. Many developers, particularly inexperienced ones, underestimate how much capital they need, which can result in costly delays and project overruns. In this article, we are going to explore finance for property development. We’ll discuss what…
Property development can be lucrative – but it’s not without its risks. If you’re wondering how to structure a property development company or how to set up a property development company, there are things you’ll need to consider before you begin. From understanding the property market to how to finance developments, manage construction and tolerate…
Are you a property owner? Or perhaps you’re a management company that handles the ins and outs of property for multiple clients? Understanding the property accounting basics is a good starting point to ensure you meet all your obligations. Much like any other business, accounting for an investment property has clear rules and requirements to…
Property tax can seem confusing, but it’s not impossible to understand. In this blog post, we provide tips on how you can understand these numbers across different states and properties, but it’s worth noting that other factors can sometimes impact these calculations. Property tax rates in Australia for land tax There are four main types…
Whether you’re purchasing a home for the first time or planning to relocate to New South Wales, understanding all the costs attached to buying a new property up-front is the best place to start. Like every state in Australia, NSW stamp duty is a `specific fee or cost you will pay when purchasing a home.…
Tax depreciation schedules are one of the most significant yet under-utilised tools available for property investors to maximise their returns. However, a large proportion of people still fail to realise the benefits of ordering a tax depreciation schedule. It is now estimated that through depreciation landlords could claim back between ten and forty per cent…