To provide specialised property tax advice to property-related businesses and individuals looking to use the property to build wealth. Provide Due Diligence and Tax Planning before investing in an investment property or development. All staff and all work is completed in Australia, no client work is outsourced to offshore countries.
Proudly supporting locals jobs and local businesses. Speak to our team about all your North Lakes, Narangba or Shailer Park accounting requirements. We will be happy to discuss your requirements and tailor the ideal accounting package to suit your needs. Umbrella Accountants are dedicated to personalised service, the kind you can't find at a large agency.
Proudly supporting locals jobs and local businesses. Speak to our team about all your North Lakes, Narangba or Shailer Park accounting requirements. We will be happy to discuss your requirements and tailor the ideal accounting package to suit your needs. Umbrella Accountants are dedicated to personalised service, the kind you can't find at a large agency.
Services
After pulling down an old house on an inner city block, 4 town houses were built, then sold to another developer during construction - one of the GST traps! Garry Wolnarek and this team at Umbrella Accountants have completed thousands (1,000's) of rental property tax returns through the highs and lows of different property cycles.
Get you started in property development with best-practice accounting advice on how to reduce tax and holding costs, mitigate risk, and maximise tax returns. Foresee any property development tax traps including GST, income tax, land tax, and any cash flow issues before and after project stages.
Manage all your property development accounting service needs, including rental property tax returns, setting up ownership structures for development projects, and advising on maximising tax deductions.By talking to Umbrella Accountants, not only are you taking the first step to a better financial outcome, but you will also be protecting yourself from preventable traps that can cause a lot of loss of time and stress.
Manage all your property development accounting service needs, including rental property tax returns, setting up ownership structures for development projects, and advising on maximising tax deductions.By talking to Umbrella Accountants, not only are you taking the first step to a better financial outcome, but you will also be protecting yourself from preventable traps that can cause a lot of loss of time and stress.
The term gearing indicates that the real property transaction was purchased with the assistance of borrowing to fund it. Negative gearing occurs when the net income after interest on borrowing and other expenses is negative. Positive gearing occurs when the income exceeds the interest on borrowings.
After pulling down an old house on an inner-city block, 4 townhouses were built, then sold to another developer during construction - one of the GST traps! Division 40 and which assets may be eligible for the building write-off under Division 43. It also provides the effective life of those assets which may be depreciated.
If you invest and sell property, capital gains tax (CGT), may raise its head - when you make a gain from the sale. However with planning and understanding of the various CGT exemptions it is possible to reduce, defer or eliminate CGT all together. If you sell an asset less than 12 months after buying it you don't get the 50% discount and should pay tax on the full capital gain.
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