The Real Estate Institute of Australia (REIA) says the Mid Year Economic Forecast Outlook (MYEFO) released today is positive news for both the economy and the property sector. REIA President, Adrian Kelly said the $16bn improvement in the forecast deficit is largely due to fewer people needing the JobKeeper wage subsidy and reflects a better-than-expected
Sold 61 Nicklin Way Buddina
Sold 536-714 Yandina Coolum Rd YANDINA CREEK, QLD 4561
New Tax Laws on Capital Gains Withholding Payments
IMPORTANT INFORMATION AS OF 1 JULY 2017 On 9 May 2017, the Government announced proposed changes to the foreign resident capital gains withholding (FRCGW) rate and threshold. The changes will apply to contracts entered into on or after 1 July 2017 for real property disposals where the contract price is $750,000 and above (currently $2
Don’t fence in deductions for a farm
Here’s some important tax information in relation to farm properties following the recent federal budget kindly provided by BMT Tax Depreciation Quantity Surveyors. Rural property owners will receive $153,637 more. During the recent May 2015 federal budget, the federal government announced that farmers will be able to make additional claims from 7:30pm on the 12th