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Are you thinking of selling your holiday home abroad or cashing in on your overseas investment property? It pays to pause before putting up a “For Sale” sign. Selling a foreign property can trigger Capital Gains Tax (CGT) in Australia. This tax can take a surprising chunk out of your property’s sale profit. But with…
You’ve just sold your rental property, which you’ve carefully maintained and maybe even renovated over the years. The sale price is excitingly high, and you can almost taste the freedom and possibilities this windfall brings. But then, a question looms- how much of this sale price is actually yours to keep? Enter capital gains tax…
Building a successful real estate empire isn’t just about laying bricks and mortar—it’s also about mastering financial management so that each project is profitable, sustainable, and poised for long-term growth. Accounting software is the blueprint for your financial success. It will transform complex numbers into clear, actionable insights and turn your financial management into a…
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…
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…
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…
Your home is more than just the place you live; it’s a goldmine quietly increasing in value. Property equity is a powerful asset that can offer you financial security and unlock exciting opportunities in ways you might not have imagined. What is equity, how does it work, and how can you leverage it to your…
Attention homeowners and investors in Australia! Property tax might not be the most exciting topic, but it’s one you can’t afford to ignore! So, we’ve put together this guide to cover the essentials of calculating Australian property tax rates in a way that’s easy to understand. With our expertise, navigating property tax becomes less of…
Property fringe benefits are like the icing that turns a plain cake into an enticing treat. A standard employment package includes salary, annual leave, and standard benefits. While adequate, it might not stand out in a competitive job market. On the other hand, property fringe benefits make your employment offer more appealing to help you…
Many of us use online platforms to find short-term holiday rentals, or to rent out a property for a little extra income. But did you know that any rental income that you earn in this way has to be declared to the tax office, and if you earn rental income on your primary place of…