As landlords, it’s our obligation to provide a safe and liveable home for our tenants and the funds we invest to do so, may just come back as your tax deduction.
Following our article last week about getting your financial affairs in order well before 30th June, we’ve got more insights from key professionals that will help you think strategically about your investing.
This week, our guest writer is Dorin Bentley from Bentley & Co. She is a CPA and experienced business consultant, who is an avid investor herself. Accountants who understand investing at this strategic level do more than process your tax return, they become an integral part of your investment planning, timing of your purchases/sales, structures, and a key person in your wealth creation team.
By the time July rolls around, a new financial year has begun and people start thinking about getting their tax affairs in order. But I’m keen to let you in on a secret: the best time to think about your tax is before June 30. Why? Because it means you have time to squeeze in those final deductions before the tax-time cut off – so you don’t have to wait another full year to claim the refund.
We’ve seen a lot of change over the past twelve months, in ways that we had never expected. The property market has done more than held steadfast, it’s helped bring back confidence and become an avenue for people to set their sights on investing for their future.
We meet people from all walks of life, at Active Property Investing, and we’re thrilled to be able to help them get their foot on the property ladder. We do this by taking a personalised approach to understand every person’s current situation, goals and finances, to help them make the most of what they have.
With all the things that families have to endure across the world, we feel passionate about ‘Giving Back’ whenever we can. Here are a few of the projects that we have supported over the past 6-months in Australia and overseas.
To describe the current property market as “booming” is almost an understatement. Real estate values are on the move. Many are wondering why property prices are climbing so fast and there are a number of factors at play here. The good news is, none of them need to stand in your way of getting your foot on the property ladder.
Preparing to buy a property in this fast moving market feels like you’re running a race. There’s a little bit of adrenaline and a touch of panic but don’t fall victim to making emotional decisions from the fear of missing out (FOMO). To invest with clarity and confidence, you need to prepare and you need to understand how to succeed in this kind of market.
You may have heard of the pending changes to Stamp Duty in VIC and NSW. Victoria has opted for a stamp duty concessions to stimulate property market activity following it’s COVID closures in late 2020. The discount applies to contracts entered into on or after 25 November 2020 and before 1 July 2021. This means that if you’ve been thinking of investing in VIC, you have three months to capitalise on this.
Western Sydney Awards Business Winner, and Director of Active Property Investing, Emma Allen is one of several authors who have just reached Amazon’s top spot for Business Biographies and Women in Business books.