Tag Archives: Real estate

ATO target rental property owners

Rental property claims are forever in the spotlight of the ATO with claims. With interest rates at historical lows more properties than ever before are positively geared. Ensure your rental property claims can stand up to the scrutiny of an ATO review.

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COVID-19 recovery grant for NSW small businesses

As the country starts on its road to recovery from COVID-19, with most states gradually lifting restrictions on gatherings and business trading, many businesses are starting to reopen and trade again. If you run a small business in NSW that has experienced a decline in turnover as a result of COVID-19, you may be eligible...
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COVID-19 effect on rental property owners

The COVID-19 pandemic’s knock-on effect on the economy has meant that many landlords are feeling the strain as their tenants seek to delay paying rent or reducing rent in response to job loss. To reduce the uncertainty for landlords, the ATO has provided some guidance on the deductibility of certain expenses in various situations including...
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Foreign residents and the main residence exemption

Foreign residents beware, laws have been passed to restrict your access to claim the CGT main residence exemption on the sale of your home, except in some limited circumstances. This applies to any person that is not an Australian resident for tax purposes at the time of disposal (ie when the contract is signed to...
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