Home sweet tax: property investors stand to lose big time from the GST

Article Abstract:

Australian property owners will be greatly affected by the proposed Goods and Services Tax (GST). Taxes will be charged on maintenance fees for real estate maintenance and cannot be passed on to the tenants except by raising rents. GST may not be charged on value of a sale that occurs after July 1, 2000, when the GST becomes effective, but other administrative fees may be taxed.

Australia, Landlords, Consumer goods, Consumption taxes

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Get real estate

Article Abstract:

This article examines the effect of proposed changes in business taxes in Australia, contained in the recently released Ralph report, on real estate investments and trusts. Relevant details include favorable changes such as those affecting the capital gains tax and negative gearing and unfavorable changes such as the curtailment of indexation.

Real estate investment, Real estate investments

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Property and the levy brakes

Article Abstract:

There are many anomalies still to be sorted out concerning Australia's new goods and services tax with relation to property investors. Issues concerning these difficulties and the alleged mishandling of the tax by the Treasury and the Australian Taxation Office are presented.

Investments

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