Stamp Duty it’s almost a dirty word among property investors and political commentators at the moment, and has been the subject for much debate in state politics of late.
For better or worse however, it’s a fact of life for those purchasing property; at least for the foreseeable future.
The Sydney property market has become so heated in the last five years, that it is affecting the way buyers and sellers interact.
As a result, it is quite common practice for vendors to refuse an offer unless they are presented with a Section 66W Certificate, which waives the buyer’s right to a cooling-off period.
Understanding your tax obligations when investing is a tricky business.
Never is this more the case than when considering land tax.
If you’ve been considering buying a property recently, no doubt you’ve had your eyes keenly glued to the evening news for budget announcements. There has been much debate, on both sides of the political spectrum, about the merits or otherwise of negative gearing.
Capital gains tax, often referred to as CGT, is included in your taxable income and indicates tax payable when an asset is sold or otherwise disposed of.
Plenty of people buy houses without the help of an agent, in fact you may have already bought and sold property without ever engaging a buyer’s agent before.
