EVERY INDUSTRY has its issues and the construction game is no different. As with all issues, you simply have to know they exist, understand the various fixes and plan accordingly.
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Archives for September 2015
Changes to FIRB Requirements
THE FOREIGN INVESTMENT Review Board's (FIRB) reluctance to prosecute non-complying foreign investors, and the public criticism that this has received, has led to the introduction of stricter foreign investment laws by the Australian Government.
These changes will apply from 1 December 2015.
Continue ReadingDepreciation Can Be Rather Accommodating
MORE AND MORE, Baby-Boomer investors are showing an interest in what is called "Traveller" accommodation.
Owners of income producing properties can generally claim both capital works and plant and equipment deductions. However when claiming for traveller accommodation, it's even more important to seek advice from a Quantity Surveyor.
Continue ReadingYou Can Write-off Up to $20,000 Immediately
THESE TYPE OF DEDUCTIONS mean an immediate improvement in your profit.
As part of the May 2015 federal budget, the Australian Government announced that small businesses with an aggregated turnover of under $2 million would be entitled to claim a $20,000 instant asset write-off.
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