Update On How Holiday Homes Are Treated For Tax Purposes
by Luke Quinnell Owning a holiday home that’s rented part-time and used personally offers flexibility and potential taxation benefits. Rental income can offset ownership costs, and legitimate deductions—such as interest, rates, and maintenance—may apply for income-producing periods. However, the ATO closely scrutinises these arrangements because mixed use often leads to inflated or incorrectly apportioned claims. […]
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SMSF Property Valuations: Why Obtaining An Accurate Market Value Is A Yearly Requirement
by Luke Quinnell Self-Managed Superannuation Funds (SMSFs) are subject to strict compliance obligations. For trustees who hold property within their SMSF, one of the most important—and often misunderstood—responsibilities is ensuring the property is reported at its market value every financial year. While many in the industry still refer to an outdated “three-year valuation rule,” property […]
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How To Buy Property In An SMSF: Jye Joins The Australian Property Show Podcast
Our Director of Finance Broking, Jye Smith, was recently invited onto the Australian Property Show with Tom Haigh. In this two-part episode, Jye discusses: The strategy investors are turning to help pay off their mortgage 10-15 years early How to borrow money to buy investment property in a self-managed super fund (SMSF) The best options […]
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Property Development Can’t Be That Hard, Can It?
The recent boom in property prices has resulted in many property investors making large profits out of their property investments. These profits have encouraged property investors to think about how they can further expand their property holdings and profits, and for a lot of investors their thoughts turn to property development. Every property investor at […]
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Capital Gains Tax Implications In A Divorce Settlement
In the event of a divorce, determining the value of the asset pool is a major consideration. But have you considered the capital gains tax implications of a divorce settlement? More often than not, assets received as part of the property settlement will be capital assets, such as real property and shares. Generally when capital […]
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