CLAIMING DEPRECIATION is paramount for commercial property owners and yet research suggests around 80% of owners fail to maximise the deductions available and therefore miss out on thousands of dollars in tax benefits.
Archives for September 2016
Generate Cash Flow for Your Commercial Property
21 September, 2016 by Leave a Comment
Foreign Resident CGT Withholding Regime
7 September, 2016 by Leave a Comment
ON 25 FEBRUARY 2016, Parliament passed a new foreign resident capital gains tax withholding regime.
The regime applies to contracts entered into on or after 1 July 2016; and is intended to assist the Commissioner of Taxation in the collection of the CGT payable by foreign residents.
Under the regime, a 10% non-final withholding tax will apply to foreign residents on the disposal of relevant taxable Australian property.
