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It's not the usual suspects of rising energy costs, tolls or petrol that are hitting the hip-pockets of New South Wales voters the hardest.
INTEREST
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When financial markets begin to price in rate cuts from the Reserve Bank of Australia (RBA), the bank almost always cuts rates -- eventually.
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I have heard that fixed interest rates in Australia are lower than the floating rate on my loan. How can that be possible?
When borrowing to buy an Australian property, lenders in Australia usually offer the opportunity to either take a floating (or variable) interest rate that will…
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I have been offered an “interest only” repayment on my Australian property loan. Is this a good idea?
Most Australian expatriates remember how expensive our home mortgages were when we were living in Australia, as there was no tax relief available for interest c…
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I have some term deposits in Australia that earn interest, do I have to declare them in my tax return and how much tax will I have to pay?
When you are living out side of Australia on a permanent basis, any interest that you may earn in Australia is not subject to income tax and you do not need to …
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I have a loan on my Australian property from a bank in Singapore, is this tax deductible for me in Australia?
Under Australian Taxation rules, the Australian Taxation Office (ATO) does not care about where the money came from or indeed what security is provided, in dete…
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In welcome news, the Reserve Bank of Australia decided to leave interest rates unchanged at thier February meeting.
SMATS Chats
Latest Podcasts
Join Steve Douglas as he discusses:
- Global financial markets, issues & influence on our daily lives;
- Australian property markets, driving factors and has it peaked?
- International markets review & forecast;
- Australian Dollar review & prediction;
- Interest rates…
Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…
We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…
Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…
For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process.
The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …
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