by Xavier Murtagh | Oct 9, 2022 | 9. Tax, Property Planning Resources
Optimising tax deductions The purpose test – what determines tax deductibility To maximise your mortgage strategy and make the best decisions today and for tomorrow, it’s important to understand what determines whether interest on a mortgage loan account is deductible... by Xavier Murtagh | Oct 9, 2022 | 9. Tax, Property Planning Resources
Building and Construction The sale of a property may have CGT implications. CGT is the tax payable on the difference between what it cost you to purchase an asset and the amount you received when you disposed of the asset. Selling price Minus Selling costs Minus... by Xavier Murtagh | Oct 9, 2022 | 9. Tax, Property Planning Resources
Capital Gains Tax The sale of a property may have CGT implications. CGT is the tax payable on the difference between what it cost you to purchase an asset and the amount you received when you disposed of the asset. Capital gains general example of calculation Please... by Xavier Murtagh | Oct 9, 2022 | 9. Tax, Property Planning Resources
Land Tax Land tax should also be a consideration for diversification. Reducing or minimising land tax may be another reason to consider purchasing interstate for future investment properties. Land tax can begin to eat into your cash flow over time and subject to the... by Xavier Murtagh | Oct 9, 2022 | 9. Tax, Property Planning Resources
Depreciation Building – Depreciation is claimable on properties built after 1985. You can claim depreciation at a rate of 2.5 percent per annum (on investment properties). That means that the government estimates that it takes 40 years for a building to be worth zero...
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