The Australian Taxation Office has included two mortgage structures among a group of unacceptable tax schemes in a guide to tax-effective investment published yesterday. It describes them as mortgage management plans and home loan unit trust arrangements. In a mortgage management scheme, the promoter offers a means of creating deductible interest payments, equivalent to home […]
RBA leaves Cash Rate at 4.75% At its meeting today, the RBA decided to leave the cash rate unchanged at 4.75 per cent At today’s meeting, the Reserve Bank judged that the current mildly restrictive stance of monetary policy remained appropriate. In future meetings, the Board will continue to assess carefully the evolving outlook […]
By paying tax, that’s how! The Rules of Lending have changed and this is having a dramatic impact on Business Owners wanting to borrow for a home. It has not become any more conservative and credit policies have not contracted all that materially from 12 months ago. What has changed is that lending decisions today […]
We have heard again recently that the ATO are going to be looking closely at claims for repairs to investment properties this year. So be careful. Remember, a repair means to restore something to the condition it was in when you bought it. A common error made by property investors is incorrectly claiming repairs done […]
