Property, Tax and Finance Update - June 2024

Keeping abreast of market changes is an important part of making good business and property investment decisions. The rules and legislation around tax and finance change constantly, as does the property market as it moves through its various cycles of boom and bust.
It can be challenging to know what is going on in all these areas, and even more challenging knowing how to apply this knowledge to your best advantage.
In this video our panel of experts discuss what's going on in the market and what you can do to manage these changes.
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[@sageredditt6634]

Excellent stuff

[@Aupm-1]

What issue will you have if you want to sale your house which is rented under Social Housing and you still have agreement with them ?

[@gilliganrowetv]

Tax issues can arise on the sale of property regardless of whether you are selling subject to an existing rental agreement or not. You should get advice to determine if any of the land tax provisions, like the bright-line rule, apply.
You will need to check the terms of the rental agreement with the social housing advisor to determine the action you need to take as a result of sale. You should get legal advice in relation to that.
In addition, selling a property while rented is always more difficult due to access and condition of property. Some tenants are great, others are impossible and messy. It can be better to leave it to the end of the rental term and do a cosmetic renovation at the end, selling vacant. Or sell as a rental tenanted, with access arranged via the property manager for the social housing agency.

[@sageredditt6634]

Yes fire him