Tax

Build-to-rent piece of housing puzzle but no quick fix

It’s been a tough couple of years to be a renter. As competition for properties has intensified and rents have surged, policymakers have been searching for solutions. While not an answer to the immediate price crunch, the build-to-rent housing model has been billed as a way to help boost the supply of rental properties and […]

Higher taxes on foreigners pitched to free up homes

Foreign buyers could be slugged with higher taxes for buying existing NSW homes as the government looks for ways to address the housing crisis. NSW Treasurer Daniel Mookhey said the state was grappling with a problem of overseas investors leaving properties vacant and not putting them out to rent. “We don’t have many levers we […]

Building Wealth Through Property Investment and the Role of Professional Advice

The allure of property investment as a vehicle for wealth building and lifestyle enhancement cannot be overstated.    With the right strategies and insights, individuals can unlock significant financial benefits, paving the way to financial independence and the lifestyle of their dreams. However, the journey to property investment success is fraught with complexities, including varying […]

Voters open-minded on investor tax break reform

Three in five Australian voters favour scaling back negative gearing and the capital gains tax discount, new polling suggests. One in five want investment property tax breaks to stay the same, according to the polling by independent consultancy RedBridge Group on behalf of national housing affordability campaigners Everybody’s Home. A further one-fifth of those surveyed […]

Calls for four-year forecast in GST carve-up

Four-year forecasts for state and territory shares of GST are being sought as the pushback against the annual carve-up of the tax continues. A longer forecast window from the Commonwealth Grants Commission would help secure budget bottom lines and reorganise spending if needed, advocates say. Under the $89 billion carve-up for the 2024-25 financial year, […]

Businesses to save as government scraps tariffs

Toothbrushes, sanitary products, washing machines and freezers may become cheaper in a move retailers say will reduce the costs of doing business. Almost 500 nuisance tariffs will be scrapped in the new financial year, saving companies more than $30 million in annual compliance costs. The move will eliminate 14 per cent of Australia’s taxes on […]

Getting your business on the right track

Deputy Commissioner Small Business, Will Day, provides advice on how to get the basics right. If you’re looking to start a new business, we want to help you get on the right track, right from the start. And if you are running an established business, it’s not too late to learn or refresh your tax […]

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