partners for life
Property
ATO reminds rental property owners on claiming tax
July 5th, 2017The Australian Taxation Office (ATO) has issued a timely reminder that it is keeping a close eye on deductions claimed by rental property owners, especially those with properties located in popular holiday destinations. Last year the ATO identified a significant number of errors relating to deductions claimed for rental properties located in holiday regions. Theread more
Tax Deductions for Investment Properties
June 15th, 2017Several deductions are available to property investors to minimise the tax being paid. Unfortunately, there are areas relating to tax deductions that are unclear to some individuals, resulting in opportunities being missed to get the most out of their investments. To help identify what you can legitimately claim, below is a list of common taxread more
2017/2018 Federal Budget
May 10th, 2017Last 9 May 2017, Federal Treasurer, Mr Scott Morrison, handed down the 2017/2018 Federal Budget. Whilst housing affordability is the budget’s centrepiece, there are significant measures affecting both individual taxpayers and businesses. McKinley Plowman is pleased to present the MP+ 2017/2018 Budget Update. This update provides insight on the proposed tax and superannuation changes whichread more
Top 3 effective Estate Planning tips
May 5th, 2017Estate planning isn’t everybody’s favourite topic however, this will guarantee that your loved ones are taken care of in the event of your passing. It can vary from simple to complex, depending on the assets involved or which needs are to be addressed. To protect the wealth that you’ve built for your family, here areread more
Thinking of Investing in Property? It’s Time to Consider Using a Broker
March 3rd, 2017Buying a home or investing in property can be one of the most exciting, yet daunting events in one’s life. It does not only involve choosing an ideal location, but it also requires careful planning to find the best loan and establish the right financing strategies. If you are not sure of what you’re doing,read more
Median House Price in Perth Increase Again in December
January 25th, 2017Recent data from REIWA reported that Perth’s median house price increased by almost 2% in the last quarter of 2016. The report highlighted that the median house price in Perth has seen growth of 1.9% ($535,000) in the three months to December. Real estate players welcome this trend as it suggests that the trade-up sectorread more
New Withholding Rules for Property Sales
June 21st, 2016New rules apply from 1 July 2016 to prevent foreign residents avoiding tax when they sell Australian property. However, the new rules will affect everyone (both residents and non-residents) buying or selling property with a market value of $2 million or more. From 1 July 2016 Australian residents selling real property with a market valueread more
Rental Property Owners Encouraged to Understand Obligations
June 17th, 2016With just days away from Tax Time, the Australian Taxation Office (ATO) is encouraging owners of rental properties to learn more about their tax obligations to be able to lodge and claim their deductions correctly. Assistant Commissioner Gramham acknowledges that lodging taxes can be "tricky" for rental property owners. That's why it is important forread more
Thinking about becoming a client?
Book your free, no obligation consultation right now via our online booking system or get in touch to find out more
Already a client and want to get in touch?
Send us an email via our enquiry form or give us a call today