What is capital gains tax?

by Dr Jonathan Brown | Nov 15, 2016 | Advice, Capital gains tax

When an asset is sold for a profit, capital gains tax (CGT) is applied. This asset can be in the form of property, shares or vacant land purchased after 21 September 1999, and CGT is calculated on the difference between the purchase and sale price.   Capital...

Buying Your First Property – Investment or Owner-Occupied

by Dr Jonathan Brown | Nov 15, 2016 | Advice, Landlords insurance, Property, Property investment, Retirement planning, Taxation

Full-time university is over and you have avoided the temptation. There are frequent offers of student advancement based on your future financial viability There are potentially a few bills due that has crept its way into your final few years that need to be cleared....

To Rent or To Buy: Entering the Property Market

by Dr April Armstrong | Nov 15, 2016 | Advice, Property, Property investment

Entering the Property Market Home ownership is highly regarded in Australia. The decision to rent or buy a property for occupancy is difficult. The dream of a quarter of an acre with a single dwelling is fast becoming an unachievable asipiration. Most young people are...

Top 10 Tips for Better Billing in General Practice

by Dr April Armstrong | Nov 15, 2016 | Advice, Business, General practice

  1. Know your MBS General practice is not about items 23, 36 & 44. There are at least 100 relevant billings in general practice so if you don’t know them, start learning.   2. Have a cheat sheet I have at least three general surgeons, three...

Top Renovations Tips for Investment Properties

by Dr Jonathan Brown | Nov 14, 2016 | Advice, Property, Property investment

  As medical professionals we are often guided toward residential property investment. It is recommended due to negative gearing as a tax saving mechanism and a tool to grow an asset base. As a first time investment property owner at the age of twenty I made a...

Buying an investment property – new or established?

by Dr April Armstrong | Nov 13, 2016 | Advice, Property, Property investment, Taxation

  Buying a brand new, perhaps not even built investment property, appears to have opportunities older properties don’t. As a rental property the process of picking the site and choosing a design can appear exciting. Deciding features, colours,...