Selling your rental property is a great opportunity to unlock some personal equity. But don’t forget the taxman wants a slice of the cake. Capital gains tax (CGT) is liable for the profits on the sale of property, however the capital gains tax 6 year rule provides some exemptions which can be utilised to optimise
Tax planning is an essential aspect of financial management that requires careful consideration and strategic decision-making. One effective way to ensure optimal tax management is by engaging in regular tax planning meetings with your accountant at Walshs. These meetings provide a valuable opportunity to collaborate, analyse, and develop personalised strategies to navigate the complexities of
If you’re the indecisive type, chances are you’ll run into a more than a few confusing crossroads when buying a new home. One of the choices that may leave you scratching your head is whether to take out an interest-only loan. A what loan? According to Walshs specialist mortgage broker Donna Sutherland, an interest-only loan
From home renos to humble new abodes, unlocking equity opens the door to a wealth of opportunities. If you’re a homeowner, continue reading to learn more about equity – and how you can access it to supercharge your financial status. The lowdown on equity According to Walshs mortgage broker Karen Holmes, equity is the difference
An economic outlook was presented by the Chief Economist for KPMG Australia – Dr Brendan Rynne at The Urban Developer’s ‘Queensland Property & Economic Outlook’ event recently. He is in the 20% of Australian economists that believes there will be no recession in the technical terms (two consecutive quarters of negative growth in real GDP),
Are you a stickler for a certain supermarket, or do you like to shop around for the best buys? Whether you’re an Aldi aficionado or a Coles crusader, sometimes it pays to scour the specials – and the same principle applies to your home loan. With interest rates and policies fluctuating between banks, it might
If you’re a student doctor, chances are your first home buy won’t be your last. As one of Australia’s leading medical mortgage specialists, we know your first house isn’t likely to be your “forever home” – in reality it’ll probably be the first in a string of real estate cash cows. And wealth health, my
It is becoming increasingly popular for clients to buy property, subdivide and/or rebuild and then on-sell the property. The tax implications that result from these transactions can vary depending on the type of project undertaken, so careful consideration needs to be given to the factors that indicate the intention of the transaction/s. There are three
