Oct 27, 2023 | 2023, Airbnb, Investment Property, Rental Income
Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian Government’s recent Housing Statement announced Australia’s first short-stay property tax. The additional tax,...
Oct 19, 2023 | Superannuation
Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step...
Sep 22, 2023 | 2023, Small Business, Taxation
Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets. If your business is eligible, it may benefit...
Sep 1, 2023 | Inflation, Interest Rates, Reserve Bank
TSP Accountant reports this week a noteworthy slowdown in inflation, with the annual figure dropping to its lowest since last February. According to data freshly released by the Australian Bureau of Statistics (ABS), monthly inflation eased to 4.9 per cent over the 12...
Aug 18, 2023 | Capital Gains Tax, Deductions, Investment Property, Land Tax, Taxation
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax...
