Above Advisory

After helping property investors for more than 15 years, I’ve noticed the same mistake come up over and over again.

One of the biggest myths I hear is, “If I paid for it when I bought the property, I can claim it on tax.”

But that’s not how it works.

Some expenses are deductible straight away, some get added to your cost base and only benefit you when you sell, and others have completely different rules.

The problem isn’t always claiming too little, it’s claiming the right expense in the wrong way. And that’s exactly how investors can end up with unexpected tax bills years later.

Want to know more about investment property? Comment “explain” and I’ll send you the breakdown.

Bucket company owners, don’t make either of these mistakes.

❌ Ignore the changes and wait until 2028
❌ Rush into restructuring before checking if you’re actually affected

Watch the full video for the next steps. Comment “tips” and I’ll send you the link!

⏳ Save this & talk to your accountant before making a decision.

Selling a property doesn’t automatically mean you’ll owe tax, but it can still create a tax reporting obligation.

I see a lot of people assume that once settlement is done, that’s the end of it.

It’s not.

The ATO has just revealed it’s following up 6,000 property sales where no tax return was lodged after the sale.

Property tax rules can be confusing, and the consequences of getting it wrong, or not lodging at all, can be costly.

So if you’ve sold an investment property in the last few years, now is a good time to check you’ve done everything you need to.

⭐Know someone who owns an investment property? Share this with them.

Thinking about restructuring your bucket company? Watch this video first! There’s been a lot of attention around the proposed changes, but don’t make any decisions before understanding what they could actually mean for your business.
Comment “RULE” for the full video.

Disclaimer: Not yet law. The detailed legislation is still to be released, so final rules may change.
⏳ Always get advice first.
🔔 Follow so you don’t miss important tax updates!

Comment “BUCKET” for the full video! Why are accountants paying so much attention to bucket companies right now? There are two proposed changes to discretionary trusts that could have a BIG impact:
1️⃣ A 30% minimum tax on discretionary trust distributions
2️⃣ No tax credit for bucket companies
And this is where things get interesting… because the same income could effectively be taxed TWICE!

Disclaimer: Not yet law. The detailed legislation is still to be released, so final rules may change.
⏳ Always get advice first.
🔔 Follow so you don’t miss important tax updates!

There’s been a lot happening with SMSFs lately, here’s what’s been proposed for newly established SMSFs 🚨 Make sure you’re following for the latest updates

This is your sign to talk with your accountant! Comment ‘CHAT’ and I’ll send over the link to book a free 1-on-1 consultation with us ☎️