The New South Wales government has taken aim at controversial tax breaks for property investors.
TAXATION
An annual property tax is high on the newly appointed NSW Premier’s priority list, as he puts economic reform at the centre of his leadership.
More than 1.8 million Aussies have been put on notice that their tax returns will be scrutinised for incorrect claims.
After six years, federal Labor has decided to drop policies that look to curb negative gearing and capital gains tax deductions.
CPA Australia warned property investors and landlords to turn to their tax agents this tax time.
The South Australian budget is underpinned to a large extent by property taxation revenue.
For 55 millionaires, the 2018-19 financial year was very good. Not only did they earn more than $1m, they paid no net tax.
A premium stamp duty will also be introduced, with property transactions above $2 million attracting a $110,000 duty plus 6.5 per cent of the dutiable value in …
Superannuation is being made more flexible to meet the needs of the nation’s first home buyers and increasing numbers of Baby Boomer downsizers.
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Mining billionaire Andrew Forrest has made a high-profile luxury addition to his property portfolio, buying Olivia Newton-John’s Gaia Retreat & Spa near Byron Bay in a deal worth $30 million.
Affordability pressures are leading many investors to bring their family into their property portfolio - find out how combining a young person’s income with a parent’s equity can create intergenerational wealth.
Market pressure has been forecast to intensify over the next 12 months on the New South Wales North Coast, consolidating big price gains already recorded in one of Australia’s most in-demand regional areas.
Western Australia’s regional markets are expected to continue their simultaneous upswing into 2022, with low stock levels driving annual price growth across the entirety of the state.
South East Queensland and outer suburban areas have dominated a list of Australia’s most contested property markets, where auctions are attracting hordes of active bidders, motivating sellers to start to mobilise.
Regional house price growth has been exceptionally strong over the past year, but knowing how to capitalise on this market and where to look as a prospective buyer is not always easy.
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