One way in which a property investor can improve cashflow is by lodging a PAYG variation. A PAYG variation is an application to the ATO requesting that your employer reduce the amount of tax withheld from your regular salary or wage payments, to reflect the expected rental loss from your investment property.
This is effectively a way of red... |
| Read More ... |
Investment Property Deductions
You can claim a deduction for certain expenses you incur for the period your property is rented pr is available for rent.
Some expenses can be claimed as an immediate deduction and others can be claimed over a number of income years.
Immediate Deduction Expenses:
advertising for tenants
... |
| Read More ... |
Is the Tax Commissioner one of Australia’s most powerful people?
Last month, the Government announced that they intend to give the Commissioner of Taxation up to 60 days to hold activity statement refunds – including GST and other indirect taxes such as luxury car tax, wine equalisation tax, etc. - while verifying the... |
| Read More ... |
We are often asked whether it’s possible to offset a loss in one company against the profit in another.
The answer is that there is no automatic way of offsetting losses and profits between your companies.
Most people try to manage a situation like this by putting through charges between the companies after year end ... |
| Read More ... |
Christmas is expensive enough. We take you through some of the key ways tax impacts on your Christmas spirit.
For you
Who can claim the deduction for charitable gifts?
Giving a goat, funding a village well, buying a toilet, or farming equipment for people in third world countries is a common gift, particularly for those that just d...
|
| Read More ... |
)
)
)
)
)
)
Quick Menu
