Election 2013: Real Estate Institute of Australia policy announcement
This week the REIA announced their 2013 election policies. The report’s title, Housing for all Australians, gets straight to the heart of its theme.
The opening statement from REIA’s President, Peter Bushby, lays a strong foundation for the argument that follows: housing affordability is an issue. And the trends are not in the right direction. (more…)
Are buyer’s agents fees tax deductible?
With the ATO paying more attention to property investors we thought it prudent to cover one of the most common questions posed to us here at BAG, are buyer’s agents fees tax deductible? In short it depends on the services rendered that compose the buyer’s agent fees.
The most common service that clients wish to know whether or not the buyer’s agent fees are tax deductible for, is when they have engaged and paid an entity or person to find them a suitable property to purchase. (more…)