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...
Continue Reading »
Residex believes there are at least 5,000+ suburbs in Australia that you should potentially consider when buying a house or a unit as an investment. That may sound daunting, but it is easy to narrow down the list by following a few simple rules. 1. Think about the long-term Magazines, newspapers and online articles or blogs about investment are a great place to start your research as they offer some useful tips and insights on...
Continue Reading »
Financial advisers are still struggling to change public perceptions about their professionalism. Only 23 per cent of respondents in a survey carried out on behalf of the Australian Securities and Investments Commission rated financial advisers as “operating with integrity”. Thirty per cent disagreed that planners operate with integrity, with the remainder undecided. ‘ “Integrity” includes concepts such as a “having high standards, managing vested interests, not hiding anything and being honest”. The results are included...
Continue Reading »
