Category Archives: ATO

10 Ways To Survive A Tax Audit

Now’s about the time that you’ll be putting together your tax return for the 2011/12 financial year. But what do you do if ATO comes knocking to make sure that all of your property investment deductions are genuine? Don’t panic, … Continue reading

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Update on Principal Place Exemption Tax

See below update regarding the reintroduction of the Principal Place of Residence concession. The rate will be 1% on the first $350,000 and then the normal amount of duty on top of the $350,000.00. Principal Place of Residence Exemption Reinstatement … Continue reading

Posted in ATO, Australia, Australian Home Buyers, Australian Homes, Century 21 Port Douglas, Real Estate | Leave a comment

SMSF changes could impact rental market

Changes to regulations surrounding self-managed super funds could ultimately impact on rental affordability, it has been claimed. The ATO has released a draft ruling opening up the use of SMSFs for renovations on existing properties.   Previous ATO regulations restricted … Continue reading

Posted in ATO, Australia, Century 21 Port Douglas, Interest Rates Australia, Investors, Land Value, Property Investor, Property Values, Propety Prices, Queensland, Real Estate, Rental Market, Self Managed Super Funds | Leave a comment
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