(1) The property management fee is generally 700- 1 1,500 Australian dollars/quarter, depending on the price of the grade, equipment, property services and infrastructure construction in the area after the construction. 1 room-the cost of 3 rooms also varies according to the total area).
(2) The consulting fee for municipal engineering is generally 1 0,200 Australian dollars/year.
(3) The water rate is generally between 1 0,000-10,200 Australian dollars. In Australia, the sewage charges are collected by the owners, while the service charges for hydropower projects are not paid by the tenants.
(4) The local tax varies according to the transaction price of the land, and generally needs several hundred Australian dollars. Taxes vary from state to state. For example, in Queensland, the value of land is 160000 Australian dollars, while in Melbourne, there is no need to pay taxes.
What tax knowledge should I know when buying a house in Australia? There are probably two kinds of buildings in the Australian real estate market, one is the best-selling house with real value for money. This kind of house is usually put into the market and can be started soon, usually one week to half a month. Another kind of house is hard to sell. Many of these houses can only be sold for a few months or even half a year, and the prices of houses have been lowered again and again.
If you buy a house to live in Australia, you will pay more attention to the livability of the house, while investment is the other hand. But if you invest in buying a house, you may be more interested in the backlog of houses, because all the houses in stock should have some problems of one kind or another. There is plenty of room for bargaining.
How to minimize your Australian real estate land tax expenditure? In Australia, land tax is paid through different district governments or governments (some areas, such as the Western District, have no land tax). The amount of land tax that an investor needs to spend is calculated according to the total amount of land resources held by her family before the development trend of a state or region (that is, the land value of the land before building a house). Under normal circumstances, only project investment properties need to pay land resources, while key self-occupied properties can be exempted. However, investors must pay attention to the fact that in Australia, different states and regions also have different land resource collection rates and different land tax regulations.
What is the property direct tax preference? Real estate direct tax preference is a part of all real estate appreciation space, which can expand investors' return rate and cash flow. However, in order to ensure that investors have the right to get the maximum asset discount, high-end professionals must participate in the examination and approval. 1997 "enterprise income tax assessment regulations" (ITAA 1997) stipulates the direct tax preference. This policy and regulations can reduce the assessment income of investors who invest in the project property. There are many direct preferential tax policies for property owners, investors and developers to choose from, such as: reducing construction tax, property depreciation, reducing property tax, etc. This kind of tax relief is generally called tax relief.
Is it necessary to pay relevant taxes and fees for the rental income brought by real estate leasing after buying a house?
I have to. According to Australian local laws and regulations, all income earned in Australia must pay delivery tax. However, when renting a property, you can also enjoy the benefits of deducting various expenses of the property, including mortgage loans. You can hire a local CPA to help you with the tax deduction.
What expenses can be used as tax relief to deduct enterprise income tax expenses?
Except the contract stamp duty, all expenses will become tax relief. For example, the loan interest generated by the house purchase loan, the renovation cost of the old house, the cost of visiting the real estate in Australia (mostly air tickets), lawyer's fees, rental inspection fees, etc. can all be used for deduction. Put forward loan investment, and strongly recommend investors to hire accounting majors to strive for greater rights and interests for investors.
How long is the tax exemption period?
The key cost of engineering construction can be reduced by 2.5% every year, and the reduction period is 40 years. Some recognized properties can be exempted from up to 4% annual relief. Fixed decoration and facilities are calculated by depreciation method.
If the property in Australia appreciates, do I have to pay enterprise value-added tax after selling the property?
I have to. Investing in buying a house in Australia is regarded as a transaction by the government. Although Australian real estate can be bought and sold, it is incompatible with speculation. Therefore, the government requires the property sold within one year to pay 50% of the enterprise value-added tax, and only 25% after one year (all deductible taxes such as attorney fees, accounting fees and depreciation can also be deducted).
Do you need to hire a professional accountant to sell locally in Australia?
If foreign investors are selling real estate, it is very important to hire a more professional accountant who knows their own situation. He can help you save a lot of taxes that must be paid reasonably and legally, and maximize the profits of investors.