Useful Online Resources for Landlords
Saving on, and legally minimising your tax through various tax implications is one of the greatest benefits offered to the property investor.
Capital Gains Tax Essentials
Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. The most common way you make a capital gain (or capital loss) is by selling assets such as real estate, shares or managed fund investments. Managed funds also distribute capital gains you must report.
Residential Tenancies Act Victoria
The main purposes of this Act are:
(a) to define the rights and duties of landlords and tenants of rented premises; and
(b) to define the rights and duties of rooming house owners and residents of rooming houses; and
(c) to define the rights and duties of caravan park owners, caravan owners and residents of caravan parks; and
(d) to provide for the inexpensive and quick resolution of disputes under this Act; and
(f) to provide for a centralised system for the administration of bonds; and
(g) to provide for the establishment of the Residential Tenancies Bond Authority; and
(h) to provide for the regulation of caravan parks and movable dwellings.
Stamp Duty Calculator
When you buy Victorian land, which may include buildings, you are liable to pay duty. The duty payable is based on the market value of the property or the purchase price, whichever is greater. This calculator applies only to contracts entered into on or after 21 April 1998.
Land Tax Calculator
The calculator will determine your land tax liability including any joint ownership deductions.