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Question I have three properties, they are as follows: One, was my principal place of residence but is now rented out, I have owned it for 12 months and it has appreciated by around 150K. (Purchased off the plan). Another, owned for 12 months small appreciation, currently rented, Investment property only. The third, currently under …
Question This question relates to renting out our apartment while travelling for work. My husband bought the apartment in the eastern suburbs (with mortgage) in 2006 that is in his name. My husband runs a medium sized not-for-profit company that puts on cultural events in Sydney, interstate and sometimes overseas. He also has a tour …
Question A client (a company) has purchased a new vehicle for use by the company. The Tax Invoice for the vehicle and the lending for the vehicle are both in the company name. However, in error, the vehicle name was registered in the name of the Director rather than in the name of the company. …
Question Hi, If an Australian Resident Tax payer who was posted overseas in Japan for a period of two years (He was based in Tokyo for the whole duration ) was paid the following allowance’s In addition to his normal salary: Expat Allowance- Taxed Location Adj- Taxed Trans Assist- Taxed Untaxed Cost of Living Allowance. …
Question A client purchased a property in 2000 and immediately rented it out. 18 months later he moved back into the property, and then moved out again after 2 years. He then moved back in for three years. He then moved out and then rented it out again for 7 years, and has now sold …
Question We have just sold our property and intend to place some $300,000 each into our SMSF as a bring forward non concessional contribution, and intend to buy an investment property. We are the trustees of the SMSF and not yet retired but close to it. The value of the investment property is more than …
Question I am seeking your advice about using a loan from my parents to refinance an investment loan. The background is that I have a $200,000 loan with a bank that was used to purchase dividend paying shares. The loan was a new split facility (secured against a property), and the funds from this split …
Question My question centres around maintaining deductability on an investment loan, but I have provided a lot of background information for you first. Current: – I have a Rocket Repay Home Loan with Offset (Westpac) secured against my PPOR. – I am still within the 5 year interest only period of the 30 year loan …
Question My client operates as an Australian based company, who travels overseas to inspect airline facilities and report on their conditions.He invoices another Australian based company for the work he’s done.I think my client should add GST to his invoices as his supplier is Australian based.However, the supplier then invoices a German based company for …
Question Hello,I would like to come back to my question on Friday 29 Sept and your response #846 about my situation for capital gain tax clearance for non-resident for tax purpose.Is there any guarantee that I can claim back the whole amount from the 12,5% selling value withheld or I can only claim part of …
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