Housing Archives - Rider Accountants & Mortgage Brokers

Housing Property Accounting Property Capital Gains Tax

Property inheritance and capital gains taxProperty inheritance and capital gains tax

22/04/2024 Steven Rider CPA 0 Comments

Property inheritance is the transfer of property to an heir or beneficiary upon the death of an owner. There are various tax implications triggered when inheriting an investment property, particularly where capital gains tax (CGT) is concerned. In the instance that an inherited property is sold immediately, the tax implications{...}

Housing Property Capital Gains Tax

Property renovators could be taxed up to 47pc under new rulesProperty renovators could be taxed up to 47pc under new rules

22/04/2024 Steven Rider CPA 0 Comments

Property renovators and “flippers” who buy and sell for a quick profit could be taxed at their highest marginal rate of up to 47 per cent when selling houses after an Administrative Appeals Tribunal decision, lawyers say. This would also mean losing their capital gains tax discount of 50 per{...}

Housing Property Accounting

GST May be Applicable on Property TransactionGST May be Applicable on Property Transaction

22/11/2023 Steven Rider CPA 0 Comments

GST at settlement may apply when buying or selling new residential premises or potential residential land. If your income making activities includes selling property and they make $75,000 or more in a year, even if it’s from a one-off property transaction, you need to register for GST. Once you are registered,{...}

Airbnb Housing

New 7.5% Airbnb tax in VictoriaNew 7.5% Airbnb tax in Victoria

20/09/2023 admin 0 Comments

Andrews unveils 7.5pc Airbnb levy in housing shake-up The Victorian government has unveiled a “long-term” plan to improve housing supply and affordability in the state through 30 new initiatives, Premier Daniel Andrews has said. Among the initiatives is a target to build 800,000 new homes over 10 years – 80,000{...}

Airbnb Housing

Airbnb is an issue in the Sydney Rental MarketAirbnb is an issue in the Sydney Rental Market

20/09/2023 Steven Rider CPA 0 Comments

Prime Minister Anthony Albanese says it is unsurprising state governments are concerned about the explosion of short-stay accommodation and its effects on the supply of rental properties. Asked whether he supported Victoria’s potential levy on short-stay accommodation providers such as Airbnb and Stayz, Albanese said he hadn’t seen a specific{...}

Housing

Airbnb and Victoria Locked in a BattleAirbnb and Victoria Locked in a Battle

20/09/2023 Steven Rider CPA 0 Comments

Airbnb Australia warns Victorian Premier Daniel Andrews’ claim that 40,000 homes would become available for longer-term rent in Victoria if his government introduces the first statewide levy on short stay accommodation do not stack up. Mr Andrews gave his strongest hint yet on Monday that Victorians will be hit with an Airbnb{...}

Housing

500,000 tradies needed!500,000 tradies needed!

12/09/2023 Steven Rider CPA 0 Comments

500,000 more tradies needed to meet 1.2m housing target Campbell Kwan AFR Australia will need 500,000 new tradies over the next five years if it is to reach the federal government’s target of 1.2 million new homes over that period. “We will need around 500,000 entrances into the industry for{...}

Property inheritance and capital gains taxProperty inheritance and capital gains tax

Property renovators could be taxed up to 47pc under new rulesProperty renovators could be taxed up to 47pc under new rules

GST May be Applicable on Property TransactionGST May be Applicable on Property Transaction

New 7.5% Airbnb tax in VictoriaNew 7.5% Airbnb tax in Victoria

Airbnb is an issue in the Sydney Rental MarketAirbnb is an issue in the Sydney Rental Market

Airbnb and Victoria Locked in a BattleAirbnb and Victoria Locked in a Battle

500,000 tradies needed!500,000 tradies needed!

Subscribe to Get Weekly Property Tax Updates