Pay as you go (PAYG) instalments are regular prepayments of tax on your business and investment income. By paying regular instalments throughout the year, you should not have a large tax bill when you lodge your tax return.
The Australian Taxation Office (ATO) is reminding rental property owners to take care when lodging their tax return this tax time.
Landlords need to take extra care when lodging this year. 9 in 10 rental property owners are getting their return wrong. Common mistakes are rental income being left out, or mistakes being made with property related deductions – like overclaiming expenses or claiming for improvements to private properties.
Shared Equity Home Buyer Helper is the NSW Government initiative that makes it easier and much more affordable for eligible people to buy a home.
With Shared Equity, the NSW Government lightens the load of a mortgage by contributing up to 40% of the purchase price of a new home and up to 30% towards an existing house. In exchange, the Government holds an equity share in the property – but the home is yours.