We are fast approaching that time of the year where property investors need to get prepared and take the time to understand their tax obligations.
Whether you plan on preparing your tax return or working with an accredited accountant, the following checklist can assist you in getting organised, including a couple of helpful tips to better understand rental income and expenses.
Download your free copy of our tax time checklist here.
You should not act solely based on the material contained in this checklist. The information and statements herein are general comments only and do not constitute or convey advice per se. Seek independent professional advice before making any decision or acting.
Rental tax depreciation is essentially an allowance for the decline in value of the assets within an investment property over time. When you purchase an investment property (for tax purposes), you acquire a building, plus internal assets of that building, such as air conditioners, floor coverings, window coverings, appliances, potentially … Read more
‘Damage to my property’ is the last statement or conversation that any investor wants to read, hear, deal with, or discuss. However, the reality is that damage to a property is a fact and reality that every investor needs to be aware of. Damage to the property can relate to … Read more