Land Tax is something we have written about previously this year but it is an area that we have considerable enquiries about so we thought we would provide information on the most frequently asked questions:
What is Land Tax?
It is an annual state government tax payable by the owner of the land. It is imposed in all states and ACT but n... |
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Did you know Australia not only has one of the highest home ownership rates in the world but it also has one of the highest investment rates in the world?
Last year more than 1.4million people claimed rental deductions against their tax returns. The ATO says more than $25billion was claimed in deductions on rental properties making real e... |
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The Tax Office is very interested in the way business owner’s access money from their businesses. Trusts are currently in the spotlight.
A common approach utilised by many businesses with a discretionary trust is to distribute income to a company, pay tax at the corporate tax rate but leave the distribution in the trust for us... |
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If the Government holds on to power, Dads will qualify for two weeks paid parental leave from 1 January 2013.
Like the existing paid parental leave scheme, the ‘Dads and Partner Pay’ is paid at the minimum wage - currently $589.40. The payment applies to Dads and partners sharing the care of a new born (including adopting pare... |
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A full renovation of your home before putting it up for sale might not always be the best idea. Maybe all that’s needed is a little clever decorating to get that potential buyer over the line. The big question to ask is will a renovation add extra value? Or will you spend too much money renewing the kitchen and bathroo... |
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