As long-time property investors and seasoned tax accountants, we often encounter new clients who have neither heard of depreciation nor ordered a depreciation report/schedule from a quantity surveyor ever, leading us to write this blog article.
Ever walked into an accountant’s office hoping to get some tax advice about distributing some business income to your spouse or children but were told that it is not possible
Small businesses in Australia have a few capital gains tax (CGT) exemptions and concessions available to them to eliminate, reduce or defer the capital gains on disposing of an eligible
Your ‘main residence’ also referred to as ‘principal place of residence’ (PPOR) is generally exempt from capital gains tax (CGT). To qualify for the CGT exemption, the property must have
Most real estate located in Australia is subject to capital gains tax (CGT). This includes vacant land, business premises, rental properties, holiday houses and hobby farms. Your ‘main residence’ is
Some time ago, I heard the woeful tale of an investor who couldn’t claim a GST refund for his commercial investment property. Sadly, he had not sought his conveyancer’s and
What is Double Taxation? Double taxation arises when two or more countries impose taxes on the same taxpayer in respect of the same taxable income. This results in the same
The Australian Taxation Office (ATO) and The Inland Revenue Authority of Singapore (IRAS) entered into a Competent Authority Agreement (“Agreement”) on the automatic exchange of financial account information based on
Have you heard about the ATO’s data matching program? If not, here are some salient points. ATO matches external data with their own to help them ensure that individuals and
What is Double Taxation? Double taxation arises when two or more countries impose taxes on the same taxpayer in respect of the same taxable income. This results in the same
