The ATO has recently released draft guidance (TR 2025/D1, PCG 2025/D6, PCG 2025/D7) clarifying how income and deductions are treated for individuals who earn money from rental properties, including short-term rentals, rooms in their home,…
Mortgage brokers now facilitate over 75% of new home loans in Australia, highlighting their increasing importance in helping borrowers navigate a competitive and complex lending market. Borrowers value brokers for their expertise, access to multiple…
For Australian property investors, tax time is a crucial opportunity to maximise legitimate deductions and avoid costly mistakes. The Australian Taxation Office (ATO) closely scrutinises rental properties, making accurate record-keeping and a clear understanding of…
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of…
Should people with a mortgage have a greater focus on making extra repayments? The recent history of interest rates (the RBA target cash rate) in Australia makes for interesting reading – until the Melbourne Cup…
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is how taxpayers are claiming interest…
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax…
If you have an interest only home loan, its likely your home loan will shortly revert to principal and interest (P&I), which will result in much higher monthly repayments, which will be exacerbated by higher…
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense in the real world does not always make sense…
In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions and the Australian Taxation Office (ATO) thinks that is too much - one in ten is estimated to contain…
