One benefit of global economic uncertainly is the impact on the local real estate market, which is now a much more attractive investment.
The Australia property market is slowing down, especially in rural locations, which were seen as overly expensive twelve months ago.
However the strength of the Australian dollar will keep many international investors away, so local investors can reap the benefits.
Although there is no end to the current financial uncertainty, many real estate analysts believe the property market is only experiencing a temporary low.
Posted on 9 August '12 by editor, under News AUS. No Comments.
With the current economic uncertainty and the high price of fuel, many boat owners may consider hiring or chartering out their boats for part of the year as a way to reduce the costs of what can be an expensive recreational activity.
However, while creating a sideline business and claiming tax deductions for boat expenses is attractive, owners won’t be able to claim deductions if they fail to qualify as a bona fide business under the Australian Taxation Office (ATO) rules governing boat charter.
In order to claim deductions for boat expenses, you need to tick all the boxes required by the ATO. The tax office has well-defined rules for determining whether or not a boat owner is carrying on a bona fide business. These include the prospect for profit, the availability of the boat for hire, and repetition and regularity of conduct.
If you need further information, please contact our office.
Posted on 9 August '12 by editor, under News AUS. No Comments.
