Big Banks Outline Mortgage Repayment Relief

Big Banks Start to Release Loan Package and Mortgage Relief Options

The major banks have outlined how they are supporting those affected by the coronavirus pandemic and its economic impacts, including mortgage repayment relief and interest rate reductions. On Thursday (19 March), the Reserve Bank of Australia (RBA), the federal government and the Australian Prudential Regulation Authority (APRA) announced a raft of new measures to support the domestic economy in the wake of the…
Family Home Living Area

Clients Warned On CGT MRE Changes: ‘Don’t be too clever’

Clients affected by changes to the main residence exemption have been urged to be “very careful” when attempting to navigate the transitional provisions, with anti-avoidance rules potentially applying. Late last year, the government passed changes that would deny non-residents the CGT main residence exemption for CGT events that happen on or after 9 May 2017,…

Blog | Paying Land Tax On Property You Own

It’s land tax time of year! Whether you need to pay land tax on your property depends on: the type of land what it’s used for, and its total value as at midnight on 31 December each year whether you meet the definition of a foreign person for land tax purposes. Exemptions and concessions In…

The Garis Group/ Aged Care

How to Avoid Aged Care Nasty Surprises

Understanding the rules around your former home for both the pension and aged care is critical if you want to avoid nasty surprises. And if you do receive what I call the “OMG letter”regarding aged care,  understanding the rules will help you make the right decision. For the purpose of calculating your cost of aged…

When is the Best Time of Year to Start Building?

  For people building their dream home, one of the biggest questions is about timing. When is it best to start work? A recent article from Realestate.com has the answers your looking for.  The average Australian house can take anywhere from four to 12 months to build, depending on the builder, construction method, complexity of the…

TAX TIPS FOR PROPERTY INVESTORS 2017

  As we approach the end of the 2017 financial year, property investors should consider some measures to minimize the amount of tax that they pay and to prepare for the 2017/18 financial year. We will outline some tips below and if you wish to discuss any of these items further please call us on…

RENTAL PROPERTY INVESTORS, DO YOU KNOW WHAT IS DEDUCTIBLE AND WHAT IS NOT?

  For many residential investment property investors, there are a range of outgoings that are deductible and some that are not. The Australian Taxation office has in recent years focused on income tax returns of property investors targeting taxpayers who have made incorrect claims. Do you know what is deductible? If not, then the following…
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