FAQ 5 Will I be able to claim losses if a property is owned in a trust
The expenses/income for Properties owned by trusts are separately accounted for when the trust does it\’s tax return. The claims are made by the trust…
Tag: tax
FAQ 10 Rented Properties – what can be claimed against tax.
Hello Guys, There is an amazing book produced by our friends at the ATO which is fairly readable and unlike some of the ATO documents…
FAQ 13 Can I claim the cost of these seminars as a tax deduction?
Hello Guys, To answer this question we have to refer to our accountants ultimately. They will be the ones who put together ones personal tax…
FAQ 18 Where can I find out about CGT?
IF THERE IS AN INTENTION FROM THE OUTSET TO BUY AND SELL PROPERTY TO MAKE A PROFIT THEN CGT DOES NOT APPLY, HOWEVER TAX ON…
FAQ 28 Where can I find out about GST when it relates to property
The following ATO website pages have a vast amount of information NOTE that these links may become unavailable due to the ATO moving items around.…
FAQ 38 Where can I find out more about JV structures and tax using these structures
The type of deal will to a great extent have a bearing on the structure that should be used for a JV deal. For a…
FAQ 45 Am I classified as \”Being in the business of Real Estate\”
If you are classified as being in the business of Real Estate then CGT no longer applicable Because of this the 50% CGT exemption when…
FAQ 45 Am I classified as “Being in the business of Real Estate”
If you are classified as being in the business of Real Estate then CGT no longer applicable Because of this the 50% CGT exemption when…
FAQ 51 How are trust profits taxed
A trust ordinarily does not pay tax. It only pays tax on the funds that it fails to distribute. It is the beneficiaries/ associated entities…
FAQ 62 How do the costs for setting up a Trustee and Trust get claimed?
We have an answer from the ATO. Their take is that the property is income producing therefore it falls under the definition of being an…