24.03.25
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Want Lower Taxes? Discover Instant Asset Write-Offs
Have you just invested in new equipment for your business, perhaps an espresso machine for your café or an excavator for your construction company? While necessary to help your business thrive, these investments are significant. What if you could claim an immediate deduction for them and keep more cash in your pocket? Welcome to the…
What Is Zoning in Property? A Simple Definition
Imagine buying your dream home, only to discover that the nearby land is slated for a noisy industrial development. Or, picture this: you’re planning to open a small business, but the local zoning laws prohibit commercial activities in your area. These scenarios highlight the importance of understanding zoning laws in property. In this blog, we’ll…
What Is Interest in Property? Understanding Ownership
Imagine pouring your savings into your dream home, only to discover you don’t have the right to make the changes you want. Or worse, facing an unexpected legal battle over something as minor as a shared fence. Understanding property interests is your first line of defence against these nightmares. When it comes to property in…
Don’t Get Caught Out: Your Guide To Tax When Selling Investment Property
As a property investor in Australia, you’ve worked hard to build your property portfolio, and now it’s time to cash in! But before you sell, make sure you’re not leaving yourself open to a hefty investment property tax bill. Understanding tax when selling an investment property and the implications can be a minefield. With the…
Other Insights from Pherrus
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The ATO Is Chasing $35 Billion in Unpaid Taxes From SMEs. Are You Prepared?
According to the ATO’s Commissioner of Taxation 2023-24 Annual Report, Australia’s collectable tax debt totalled $52.8 billion by June 30, 2024. It’s estimated that as much as $35 billion of that debt is owed by small and medium-sized enterprises (SMEs). Are you one of them? From July 1, 2025, the ATO is stepping up its…
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What Are Fittings Compared to Fixtures?
“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…
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What Is a Disbursement in Property?
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…