Justin

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What Are the Tax Consequences of Changing Trustees?

A trustee is the legal entity that holds the assets of a trust. Trustees have significant power as they have the authority to distribute trust income, sometimes at their own discretion. Throughout the life of the trust, there may be circumstances which require you to change the trustee controlling the trust. This article sets out […]

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Rental Property Tax Deductions Checklist

Deductible Expenses Fees for bookkeeping services, accountants, and accounting software Renting out the property is advertised Agent commissions and fees for property management Bank fees for accounts used for paying bills and collecting rent Fees for body corporate (excl special purpose levy contributions for improvements, initial repairs) Borrowing costs, such as broker commissions, valuation fees,

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Prepare for EOFY – Tax Planning Strategies

As we enter the new fiscal year, we’ve put together a list of facts to consider when planning your EOFY tax return. If you are considering tax planning issues for June 30, 2022 and beyond, the following information will provide you with some information. Tax planning in Australia involves several considerations, including: comparing the different

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