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Taxes are unavoidable in life, and it’s no secret that when you sell your investment property you’ll be up for capital gains tax (CGT). You might not be able to avoid paying tax altogether, but can you reduce the amount of tax you pay? You’ll be pleased to know that yes – there are simple…
If you’re considering moving to a new property, understanding property taxes is a necessity. After all, you can’t plan your budget if you don’t know how much money you’re giving to the government in the form of taxation. Read on to find out more about property taxes, how to estimate property taxes and how to…
Property tax can seem confusing, but it’s not impossible to understand. In this blog post, we provide tips on how you can understand these numbers across different states and properties, but it’s worth noting that other factors can sometimes impact these calculations. Property tax rates in Australia for land tax There are four main types…
Imagine you’ve just invested in a property with the plan to develop it and sell it on for a profit, when you’re asked to pay goods and services tax. Australia doesn’t have a universal “property tax”, rather, there are many sorts of taxes that apply to different circumstances. If you’re buying, selling, investing, or simply…