From www.bantacs.com.au: Body corporate fees related to strata units used for income generation are generally tax deductible, while special purpose levies may complicate tax claims depending on whether they represent repairs or improvements.… read more
From apimagazine.com.au: Commercial investors should implement key strategies before the financial year ends to optimize tax and financial outcomes.
They should pre-pay expenses, order a tax depreciation schedule, and bring forward repairs and maintenance to maximize deductions and improve cash flow.… read more
From www.pitcher.com.au: The Victorian government has announced a 12-month extension of the off-the-plan duty concession, allowing property contracts entered into between 21 October 2025 and 20 October 2026 to benefit from the expanded concession.… read more
From prosolution.com.au: Investment-grade apartment prices in Melbourne may be on the verge of a growth cycle after remaining flat since 2020, driven by tighter supply, significantly increased construction costs, and upcoming government incentives for first-time buyers.… read more
From brokerdaily.au: The Victorian Labor government is investing $61 million to extend stamp duty concessions for off-the-plan purchases, aiding young buyers and supporting the construction industry.… read more
From bdo.com.au: Processes for obtaining debt for commercial property have been streamlined with varied funding approaches based on property usage.
Financiers require specific documentation for leased and owner-occupied properties to assess loans.… read more
From www.bartier.com.au: A caveat can be registered on property titles to protect a person’s legal or equitable interest, which is recognized under the Real Property Act 1900 (NSW).… read more
From sladen.com.au: A property buyer in Victoria, Ms. Sim, was denied an exemption from the foreign purchaser additional duty due to the property being legally transferred solely into her name, despite her Australian spouse funding the purchase.… read more
From www.bantacs.com.au: Property investors should be aware of year-end tax strategies, particularly regarding deductions for general expenses and property repairs.
It’s essential to distinguish between repairs, which are deductible if incurred before the financial year ends, and improvements that are not.… read more
From prosolution.com.au: Investors have three options for personal property ownership: joint ownership, sole ownership, and tenants-in-common (TIC), each offering unique benefits.
Sole ownership can maximize tax savings and minimize land tax liabilities, while joint ownership simplifies estate planning and reduces capital gains tax liabilities.… read more
From pcllawyers.com.au: Rent reviews in commercial and retail leases adjust rents to reflect market conditions, using annual increases or market rent reviews.
Independent valuations can play a role in resolving disputes over proposed rent changes.… read more
From www.bantacs.com.au: Selling an investment property often results in significant capital gains, which can incur high tax liabilities; therefore, strategic planning around superannuation contributions is essential to mitigate these taxes.… read more
From pobilawyers.com.au: NCAT has clarified the criteria for removing strata committee members, requiring serious misconduct or a breach of the NSW SSMA for action.
Claims against committee members were dismissed due to insufficient evidence.… read more
From www.claytonutz.com: Amendments to Queensland’s Land Act 1994 in 2024 expanded the scope for trustees of trust land to undertake actions that may conflict with the original purpose of the land, while still requiring management in line with that purpose.… read more
From atlaswealth.com: Australian expats living in Saudi Arabia face unique challenges when seeking financing for property purchases back home, particularly due to conservative lending policies affecting their foreign income.… read more