GOVT INTRODUCES CHANGES TO BOOST FIRST HOME BUYERS POSITION IN THE NSW MARKET

Changes have been announced by the NSW Government in an effort to improve housing affordability which include the following positive changes for first home buyers: The stamp duty on new and existing homes up to $650,000 will be abolished. Currently the limits is $550,000. The changes will see the concession applying to existing homes There…

TAX GUIDE FOR INVESTORS

TAX GUIDE FOR INVESTORS As an investor, you need an understanding of Capital Gains Tax and Land Tax.  You will need to understand the difference between the taxes and account for your costs associated with both. CAPITAL GAINS TAX Known as CGT and introduced in the mid 1980s, it is calculated on the profit you…