How to save GST on the sale of a property using the margin scheme

Current as of August 2015   In certain circumstances, GST on a taxable supply of property can be calculated by using what is called the “margin scheme”. Under the margin scheme, the GST payable is calculated on the “margin” on the sale, rather than the total sale proceeds. The margin is the generally the excess of the sale price over … Read More

WHAT TO BEWARE OF IN A HOT PROPERTY MARKET

Current as of May 2015 Over the past 12 months, you have probably read and heard about the hot property market, with unprecedented auction clearance rates and large increases in prices. This can lead to some problems if you have bought a property and you intended to borrow the money from the bank to fund the purchase. We have heard … Read More

INTEREST RATES − HOW LOW CAN THEY GO?

Current as of May 2015 This month’s announcement by the RBA to cut interest rates to historically low levels, has seen mixed reactions from Australia’s lenders, with some passing on the full rate cut, whilst others only some. While it is in our nature to all try to forecast where we think rates are going to go from here, it … Read More