| RENTAL
PROPERTIES … NEGATIVE GEARING
CAPITAL GAINS TAX ………………….. F.H.O.G.S... assistance with your first home in NSW. Foreign Investors … Loans from local banks.. RENTAL PROPERTIES Are generally purchased with the intention of obtaining capital growth as value of housing generally raise over period of years. These investments may not provide a nett income in the short term, the losses incurred are claimed against other income, this is refereed to as NEGATIVE GEARING. In our view the sole purpose of such investments should not be just to minimise tax but to ensure long term benefits from steady increase in value and so that it becomes eventually a source of passive nett income. As the government brings the personal tax rate down, the tax losses are not recouped to the same extend as in previous years. The people who benefit from such arrangement solely for tax reasons will be those on high income and high marginal tax rate. So the selection of the property becomes vital depending on individual circumstances. Property purchased and rented will, when they are sold, attract tax on the increased value of the property. The tax,CAPITAL GAINS TAX,is based on many factors since the purchase of the property. The Australian Taxation Office web site provides information and support for all types of investment questions such as depreciation, claimable expenses, record keeping etc. Click here: TAX OFFICE SITE Also for rental properties click here: RENTAL PROPERTIES: check details are relevant to you Your Accountant will provide you with details of your individual taxation requirements. For the details of First Home Owners Grant Scheme click here : FIRST HOME OWNERS GRANT & STAMP DUTY CONCESSION Foreign investors...in new residential property can be assisted by us in obtaining bank loans here .In addition we assist in securing Foreign Investment Review Board approval for the purchase... Overseas Students may also purchase property for use while they are studying. All foreign investors must provide evidence of income and nominate an agent for managing the property for them. |
