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Recent results from the data-matching program identified issues around the reporting of rental income and claims for capital works and depreciating assets.
TAX
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The affairs of an estimated 2.3 million owners of investment properties will be examined to identify potential abuse of tax concessions.
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A hidden “Sun tax” slugging Aussies who have made the switch to solar has been slammed by energy advocates as “madness” and a “rip-off”.
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The number of Australian homeowners facing mortgage stress is at a near-record high, but is set to drop in the coming months.
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Queensland Treasurer Cameron Dick has flagged a major overhaul of housing taxes – as industry warns he could ‘destabilise the property market’.
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The cost of negative gearing and capital gains discounts will balloon to $165 billion over the next decade, according to new data.
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Victorian landlords could soon have to make significant changes to their properties under the state's new minimum rental standards.
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Property investors have been warned against “double-dipping” on their tax returns by claiming purchases for their rental properties as instant write-offs and fo…
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A major budget announcement from the Queensland state government could help thousands of residents a year enter the property market.
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The federal government has released its budget for the forthcoming year – and says there's something for everyone.
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Victoria is abolishing stamp duty for commercial and industrial properties and replace it with an annual property tax.
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Queensland councils have called on the state government to allow them to increase charges on property developers.
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Join Steve Douglas as he discusses:
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- International markets review & forecast;
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Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…
We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…
Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…
For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process.
The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …
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