Management Rights

Motels

Caravan Parks

Employment

 

January 2016

You are browsing the site archives for January 2016.

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: Barclay MiS on

We often hear complaints from our clients that when they attend Tribunal and /or Court, that they are not awarded any compensation, for instance, for the time taken to prepare an application to Tribunal/Court, or for the time taken in attendance at the Tribunal/Court. Many Property Managers have stated to us that when at Tribunal/Court they have applied for these items as compensation but it has been rejected. Certainly the management agreement between your agency and the landlord provides that the landlord will be responsible for your professional costs in preparation and attendance at Tribunal/Court, however the fact is that that agreement is between youRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

If you are reading this chances are you are thinking of buying an accommodation business or you already operate one. For the purposes of what I am going to talk about in this article let’s confine our thoughts to freehold and leasehold motels and caravan parks. The object here is to contemplate the various strategies that are worth thinking about as part of the purchase process. Let’s start with the most common transaction we see and that is the purchase of a leasehold. By far the majority of our clients use a company acting as trustee for a discretionary trust. They do this for aRead More →

In: Accounting and Finance, Motels and Hospitality

Contributed By: BMT Tax Depreciation on

Did you know you could be missing out on thousands of dollars in tax deductions by not taking advantage of your depreciation entitlements? The Australian Taxation Office (ATO) allows the owners of income producing properties to claim depreciation deductions relating to the wear and tear of the building structure and the plant and equipment assets it contains. By claiming depreciation, hotel and motel owners essentially will reduce their taxable income, therefore they will pay less cash. What’s more, the fee to obtain a tax depreciation schedule outlining all of the deductions available to be claimed is 100% tax deductible. You could be missing out on:Read More →

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