Onyx Technologies’ Post

The Albanese government has unveiled draft legislation aimed at boosting the build-to-rent sector to spur construction and investment. This move aligns with its ambitious plan to construct 1.2 million new homes by 2029, offering tax incentives for developments intended solely for rental. Treasury highlights that the build-to-rent model, successful internationally in expanding housing supply, focuses on creating rental properties rather than selling them. The proposed bill will update the Income Tax Assessment Act from various years, enhancing investor perks by raising the capital works deduction rate from 2.5% to 4% and cutting the withholding tax rate on certain managed investment trust earnings from 30% to 15%. Call us for 30 min one on one free consultation session. 1300 943 232 #propertyinvestment #propertyinvestor #propertyinvesting #propertyinvestmenttips #propertyinvestmentaustralia #propertyinvestmentadvisor #sucessmindset #successtips #goals #firsthomebuyer #beaninvestor #melbourne #FirstHome #realestate #property #Equimaxpropertygroup #homesweethome #dreambig

🌟 Exciting News! 🌟 The recent decision by the Supreme Court to allow GST Input Tax Credit on construction costs for buildings essential for rental services is a game-changer for the real estate and construction industries. This decision paves the way for increased investment and development in the rental property sector, providing a boost to the overall economy. 🏗️💼 The inclusion of Input Tax Credit on construction expenses for buildings catering to rental services will undoubtedly streamline processes and reduce the financial burden on developers and investors, ultimately fostering growth and innovation within the industry. 💰📈 This landmark decision not only streamlines tax regulations but also opens up new opportunities for businesses and investors interested in the rental sector. It's a win-win for all stakeholders involved. 🤝 #SupremeCourt #GST #InputTaxCredit #RentalServices #RealEstate #ConstructionIndustry #EconomicGrowth #InvestmentOpportunities Note: AI-powered post. May contain errors.

Real Estate Tip of the Month - a look into the tax relaxation for landlords and tenants that is being introduced with effect from 6 April

Dear tax lovers, In late 2023, the government significantly reduced the ability to apply the reduced VAT rate of 6% to demolition-reconstruction housing projects by limiting the benefit of the reduced rate to projects undertaken by individuals, except when leasing to a social housing agency. This had caused significant concern in the already financially pressured sector. As a result, numerous residential development projects were halted due to lack of profitability. Want to find out what the Minister of Finance has to say about this? Check out the link to learn how this measure could help kickstart the sector and get those projects back on track!

In late 2023, the government significantly reduced the ability to apply the reduced VAT rate of 6% to demolition-reconstruction housing projects by limiting the benefit of the reduced rate to projects undertaken by individuals, except when leasing to a social housing agency. This had caused significant concern in the already financially pressured sector. As a result, numerous residential development projects were halted due to lack of profitability. Want to find out what the Minister of Finance has to say about this? Check out the link to learn how this measure could help kickstart the sector and get those projects back on track!

In late 2023, the government significantly reduced the ability to apply the reduced VAT rate of 6% to demolition-reconstruction housing projects by limiting the benefit of the reduced rate to projects undertaken by individuals, except when leasing to a social housing agency. This had caused significant concern in the already financially pressured sector. As a result, numerous residential development projects were halted due to lack of profitability. Want to find out what the Minister of Finance has to say about this? Check out the link to learn how this measure could help kickstart the sector and get those projects back on track!

🌍 Exciting News for Property Investors! 🌍 Did you know that, as an Australian resident, you can claim tax depreciation entitlements for your overseas properties? At Koste Chartered Quantity Surveyors, we have extensive experience completing tax depreciation schedules for properties worldwide, including in the UK, USA, Dubai, and Singapore, to name a few. With over 20 years of expertise, our directors and quantity surveyors use local construction costs and current exchange rates to maximise your tax deductions. 📽️ Watch our video to learn more about how you can save on your overseas investments! #PropertyInvestment #TaxDepreciation #GlobalInvestments #FinancialSavings #JoinKoste #ExpertAdvice Watch the video and read more about our services https://lnkd.in/ghXsRDRe

The real estate sector is hopeful for tax incentives and measures to boost growth, especially in affordable housing. Will the Modi 3.0 regime deliver For more information visit : https://lnkd.in/gP7paPbD #Rera #Rearanews #Reranewsupdates #Realestate #Rerarealeststupdates #LuxuryLiving #RealEstateTrends #UnionBudget2024 #RealEstateGrowth #AffordableHousing #Modi3 #HousingMarket #InfrastructureDevelopment #SustainableGrowth #RealEstateBoost #Budget2024 #HousingSector

Tax Deductions for Investments in Raw Land Purchasing raw (unimproved) land can be a great way to get into real estate investing. Raw land is ordinarily cheaper than land with buildings and other improvements. Moreover, you don’t have the expense of handling building maintenance and other upkeep, not to mention the headaches of dealing with tenants if you rent an improved property. But, the tax benefits for owning raw land as an investor are much more limited than for improved property. Some expenses are deductible as itemized personal deductions. Many others aren’t deductible at all. Moreover, if you don’t itemize, you get no immediate benefit from your deductions. For more information, please visit our website at https://lnkd.in/gARMzMEX.

Following the Irish Budget 2025 announcement yesterday, the key policies affecting real estate include: - The Department of Housing receiving €7.8 billion for a range of measures including allocating €680 million to key affordable housing schemes supporting the development of 6,400 affordable homes as well as €2 billion towards 10,000 new-build social homes in 2025. - The higher rate of stamp duty for bulk acquisitions of residential properties is being increased from 10% to 15%. - The rate of stamp duty for high value residential properties is being increased. The current rates of 1% and 2% will remain in place for amounts up to €1 million and over €1 million respectively. A new rate of 6% is being introduced which will apply to amounts exceeding €1.5 million, subject to normal transitional arrangements for transactions in process. - A exemption will be available from Residential Zoned Land Tax (RZLT) for landowners who seek to have their land rezoned to reflect certain activity carried on by them on the land. - Relief for certain pre-letting expenses for landlords is being extended for a further three years, to now expire at end of 2027. - Additional grants are also available for the Vacant Property Refurbishment Grant Scheme. Unlock the full potential of your acquisition, development, disposal, or refurbishment opportunities with GIA Surveyors expert support – reach out today! #GIASurveyors #UnlockingPotential #Budget2025