Property

What is the margin scheme? GST can be a hidden trap for property developers. This is because (unsurprising) the rules around GST on a property can be very confusing! In very general terms if you are selling a property that is considered "new" by the ATO,...

Another question from the common questions file. Our short answer is: Repairs and Maintenance are generally defined as a cost that repairs or replaces an existing item. That means if you replace an appliance with another comparable appliance then it will generally be Repairs & Maintenance, even...

There seems to be a general misconception around that tax deductions related to the costs of holding vacant land upon which to build a rental property have been removed. "Deductions for vacant land are still available if you buy vacant land with the intent to build a rental...

While most people would have heard about capital gains tax (CGT) in relation to property very few know about goods and services tax (GST) implications on property. There can be GST implications for both the income received on an ongoing basis (for e.g. lease on a...

Both the Federal and State governments have made several changes over the last few months that affect foreign based property investors. Land Tax payable by foreign and non-resident land owners has generally been increased and is different in each state as is the definition of...