Property Management HQ Blog

Brisbane unit sales strongest in a decade

Lu — Tue, 15 May 2012 23:12:17 +0000

BRISBANE’S unit market has clocked up its strongest first quarter sales in 10 years, with $228 million worth of unconditional sales recorded.

Click here for more.

Self Managed Superannuation Fund Borrowing

Lu — Mon, 14 May 2012 22:34:00 +0000

Hi all,

Recent legislative changes have expanded the scope for investment in real
property by trustees of Self Managed Super Funds. With the Australian Tax Office
set to finalise its ruling shortly, this article explains the current position and
what trustees need to look out for to ensure their superfund is compliant.

Public housing crisis in Queensland

Lu — Mon, 14 May 2012 03:06:21 +0000

Check this out!

http://www.couriermail.com.au/money/money-matters/crisis-as-87-line-up-for-one-house/story-fn3hskur-1226354329145

Removal of CGT discount for non-residents

Lu — Sat, 12 May 2012 10:20:50 +0000

The Government will remove the 50 per cent capital gains tax (CGT) discount for non-residents on capital gains accrued after 7:30pm (AEST) 8 May 2012. The CGT discount will continue to be available for capital gains accrued prior to this time where non-residents can then choose to obtain a market valuation for assets as at 8 May 2012.

This rule will largely impact non-residents individuals holding interests in Australian real property.

It may also have wider implications for individuals departing Australia who hold CGT assets which are not Australian property, for example, Australian and foreign equities. While the CGT deemed disposal rule applies to such assets at the time an individual becomes a non-resident, a choice can be made to disregard the deemed disposal and treat the assets as “taxable Australian property”. It is not known how this proposed rule will interact with the CGT deemed disposal choice rule.

Source http://www.pwc.com.au