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

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{...}

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

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{...}

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

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{...}

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Top 10 tips to help rental property owners avoid common tax mistakesTop 10 tips to help rental property owners avoid common tax mistakes

To access or download a copy of the ATO fact sheet in portable document format (PDF), see Top 10 tips to help rental property owners avoid common tax mistakes (PDF, 215KB)This link will download a file. Whether you use Rider Accoutants & Advisors as your tax agent or choose to lodge{...}

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LANDLORDS CLAIM DODGY TAX DEDUCTIONSLANDLORDS CLAIM DODGY TAX DEDUCTIONS

Landlord Tax Deductions

The Australian Taxation Office will crack down on landlords’ dodgy deductions, after a review found nearly nine out of 10 landlords made mistakes on their annual returns and incorrectly claimed expenses. People claiming tax deductions for working from home will also come under the microscope, as will people who earn{...}

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Residential Property and GSTResidential Property and GST

Except from an ATO Post About How GST might affect your property transaction Residential property Find out what are the GST obligations for new and existing residential properties. On this page Overview GST only applies to the sale of certain property types if the seller (vendor) is registered or required{...}

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