Quick Guide to the ATO’s One Stop Property Webpage

The Australian Tax Office (‘ATO’) recently launched a one stop property webpage specifically designed for home owners and investment property owners. The site covers a rate of tax issues. It is an excellent resource for beginners and experienced investors alike who are seeking to refresh their knowledge of key property tax issues.

Introductory Section

The introductory section sets out the key issues for home owners and investors, with an overview section that covers different types of properties, uses, and investment or development activities.

For example, the ‘Your home’ section consists of the tax issues at each step from saving for your first home; buying and selling your home; buying a second property; to renting, building, or renovating your home. This section also contains an overview of home offices.

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Staying under each States Land-Tax-Free threshold

Buying a diversified property portfolio Property investment in Australia need not be a complicated process. While investing is relatively simple, the larger your portfolio becomes, the more complex the taxation rules and regulations become. What with capital gains tax, stamp duty and other costs, property tax can get out of control if you don’t develop a good understanding of the different applicable taxes. There are ways in which you can diversify your portfolio without being penalised by the Federal & States governments, however, and one such method is understanding the land tax-free threshold for each state in which you own property–and even the ones you do not.
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