Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Expenses for which you may be entitled to an immediate deduction in the income year you incur the expense include: *advertising for tenants * bank charges * body corporate fees and charges * cleaning * council rates * electricity and gas * gardening and lawn mowing * in-house audio/video service charges * insurance – building – …
Continue reading “What rental expenses that I can claim for an immediate deduction?”
Rental expenses for which you are not able to claim deductions include: * acquisition and disposal costs of the property * expenses not actually incurred by you, such as water or electricity charges borne by your tenants * expenses that are not related to the rental of a property, such as expenses connected to your …
Continue reading “What rental expenses that I cannot claim for tax deductions?”
The Australian Dream or Great Australian Dream is a belief that in Australia, home ownership can lead to a better life and is an expression of success and security. Although this standard of living is enjoyed by many in the existing Australian population, rising house prices compared to average wages are making it increasingly difficult …
Research by The Sunday Telegraph has revealed for the first time how skilled immigrants – predominantly from Britain, India and China – are forcing house prices to some of the highest levels in the world when compared with average incomes. Almost 115,000 permanent skilled visas were issued last year, compared with just over 40,000 in …
Continue reading “Find out why you cannot afford a property!”
In order to maximize your total tax deductible amount at the end of the financial year for a property that’s negatively geared, there’s a range of expenses that can be included in the total annual cost of the property for deduction purposes. 1. Prepaid expenses It’s possible to claim any prepaid expenses that are related …
Continue reading “What investment property expenses can I claim as TAX deductions?”
Question: “I notice that the free property investment spreadsheet assumes 2 incomes and sets of deductions. Can this spreadsheet also be used for a single invester rather than a couple with 2 incomes?” Answer: Yes. The free property investment spreadsheet can be used for one investor. Just change the Deductions 1 (%) under Deductions Splits (%) …
Continue reading “Can the free property investment spreadsheet be used for a single invester?”
It is fair to say that coastal property prices over the past few years are dragging capital city growth. However this means there are now more buying opportunities for people considering a sea change. The biggest advantage associated with coastal living is relatively cheaper costs. One recent industry report found that house prices in coastal …
With Australia’s economy continuing to rebound, the Federal Government has introduced a First Home Buyer’s Cap on new and existing homes, effective from January 1, 2010. Under the cap, fi rst home buyers will be restricted to purchasing homes less than $750,000 in NSW, WA and Northern Territory and $1 million in Queensland. Australian Property …
Continue reading “How will the First Home Buyers Cap affect you?”