The Victorian State Budget 2017: Winners or Losers Victorian State Budget 2017 introduced on the 2nd of May 2017 included a number of changes in relation to property measures aimed to improve the affordability for first home buyers. However, where there are winners, there are losers. In this Budget, the losers were the real estate…
4% Building Allowance and CGT Most property investors are aware of a 2.5% building allowance, but do you know that there is also a 4% building allowance? Keep reading to see if you’re eligible! What is a building allowance? Most commonly known as capital works deduction (Division 43), which is claimable against your assessable income…
Not For profits and the DGR Changes (Deductible Gift Recipient ) The Commonwealth Government has announced a number of potential changes to the Deductible Gift Recipient (DGR) system. Under the old legislation, some DGRs had to report to the Commissioner of Taxation while others to ACNC.As released earlier this year, the reforms aim at bringing…
