If you own a holiday home and claim tax deductions for it, the ATO might start paying closer attention this year. The ATO are now using AI tools that show whether a property is truly being rented out or mainly used for personal use.  The old approach of listing a property occasionally and claiming full deductions is no longer safe.  Why the ATO Is Doing This   Holiday homes have become an area of concern because many owners claim large deductions even when the property is rar

Buying a commercial or investment property through a discretionary trust (also known as a family trust) is a commonly used strategy in Australia. This structure can provide genuine advantages in areas such as asset protection, tax management and estate planning.  However, while the flexibility of a discretionary trust appeals to many investors, it is not without its complexities. From land tax surcharges to borrowing restrictions and ongoing compliance, there are several prac

Thinking of selling your investment property? Capital Gains Tax (CGT) can take a significant portion of your profit if you’re not prepared.    Many property owners overlook the impact of a depreciation schedule when selling. While it's commonly used for claiming deductions while you own the property, it also affects how much tax you pay at the time of sale. Understanding how these two work together can help you avoid surprises and make smarter decisions.    Understanding Capi

If you own an investment property, a depreciation schedule could be one of the easiest ways to legally reduce your tax bill. Many...

Renovating your investment property can add value, attract better tenants and increase your rental income. But did you know it can also...