The sale of a property has GST implications and, potentially, income tax consequences. The GST implications can catch out those who are not fully conversant with how the GST laws apply. A recent AAT decision held that, for the purposes of the GST law, all of the consideration in relation to the sale of a property was received by the taxpayer at the time of settlement on May 16, 2008, despite not all the consideration...
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When calculating the breakeven point of an investment it pays to consider the full impact of negative gearing over the life of your investment. Those with negatively geared property need to factor in the opportunity cost associated with losing money over a period of time when calculating the breakeven point of their investment. According to Smartline Personal Mortgage Advisers, understanding the real impact of negative gearing costs reinforces the argument that it’s generally best used...
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