Finance & Lending
Tax & Accounting
At our company, we encourage our staff to donate a couple hours each week to answer Australia’s questions.
The team put together a strategic plan to help us be in a better position to achieve our goals, this experience has definitely proved to be above our expectations.
From the beginning it felt like a partnership and that has grown over time. We’ve accomplished things that seemed impossible to us and we are looking forward to retirement even through its still many years away.
If property is an asset class you would like to invest in then speaking with an
experienced financial advisor can help you see the big picture. A financial advisor
can help you crunch the numbers and identify optimal strategy to meet your goals.
Considerations include the ownership structure, cash-flow, depreciation, loan
structures, tax implications, growth, reinvestment opportunities and what your exit
strategy can look like. Armed with this information you will be able to identify the
right property, avoiding emotionally driven decisions and other costly mistakes.
Under Australian Superannuation laws, property can be purchased through a
superannuation fund, and often managed funds tend to hold property investments.
Through a Self-Managed Superannuation Fund, you will be given the ability to have a
direct choice in property if you choose to invest in it.
A depreciation schedule is a report that lists the depreciable assets related to
owning an investment property. Generally, it gives you and your adviser an idea as
to how much tax you can claim when in your tax return. It covers plant and equipment
depreciation, which are assets associated with your investment property that have a
finite lifetime such as carpets, lighting, etc. It also covers capital works
depreciation, which are aspects of more permanent improvements and alterations to
your investment property.
Tax is a complex issue however no investor should invest purely for tax purposes. Tax
implications will be explored with your advisor and will include: ownership entities
such as family trusts; salary sacrificing; superannuation contributions; the
management of capital gains; depreciation; how insurances are paid; loan structures