Changes to property taxes coming if Labor wins the election
Many investors are not fully aware of what changes Labor proposes if they win power on the 18th of May. You need to know how this will affect your portfolio and property buying plans for the future. Labor believes that investors are taking advantage of tax concessions and are inflating property prices whilst competing with […]
Property tax changes from 1st of July
Property taxes are changing from the first of July, 2017. The Victorian state government will close a property duty loophole between spouses who own investment properties from that date. Transfers between partners will no longer be exempt from stamp duty, except for changes for the principal place of residence or following a relationship breakdown. […]
Expatriate Aussies Lose Capital Gains Tax (CGT) Discount
Expatriate Aussies Lose Capital Gains Tax (CGT) Discount Many expat Australians living overseas may have missed the fact that they are no longer entitled to a 50% Capital Gains Tax discount on Australian taxable property. It was announced on Federal Budget Night, 8 May 2012. What this essentially means is that if the property has […]