RBizz Solutions | Chartered Accountants And Tax Agents
RBizz Solutions | Chartered Accountants And Tax Agents
One-Stop Business Accounting, Tax & Advisory
Rental Properties Legal Expenses
You may incur various types of legal expenses in relation with rental properties but all legal expenses are not claimable. Please read what is claimable and what is non-claimable.
RBizz Team
03/11/2020 03:16 PM - Comment(s)
Tax-Smart Investing In Property
Being tax-smart when investing in property means more than making the right property choices. If you use your property to earn income at any time, you will have tax obligation and entitlements.
RBizz Team
03/11/2020 03:14 PM - Comment(s)
Rental Properties Interest Expenses
If you take out a loan to purchase a rental property, you can claim a deduction for the interest charged on the loan or a portion of the interest. However, the property must be rented out or genuinely available for rent in the income year you claim a deduction.
RBizz Team
03/11/2020 02:48 PM - Comment(s)
Rental Properties Repairs & Maintenance
You may be able to claim a full deduction for the cost of repairs and maintenance in the year that you incur them or capital expenditure and improvements over several years depending upon the fact if the expense is part of a repair or improvement.
RBizz Team
03/11/2020 02:47 PM - Comment(s)
Co-ownership of rental property
If you are not the only owner of a rental property, you can understand your position better by being aware of these provisions about apportioning your income and expenses to arrive at net income or loss.
RBizz Team
22/10/2020 06:25 PM - Comment(s)
Changes in depreciation after 9 May 2017
After 9 May 2017, you will not be able to claim depreciation on used 'Plant and Equipment' items. It means you will lose on depreciation if you buy a second-hand property after 9 May 2017.
RBizz Team
22/10/2020 06:07 PM - Comment(s)
ATO's Rental Properties Guide 2020
This is all that you need to know about taxation on rental properties.
RBizz Team
21/10/2020 01:26 PM - Comment(s)
Top 3 mistakes in rental tax returns
What are the top 3 mistakes taxpayers with rental property income make in their tax returns?
RBizz Team
09/10/2020 11:06 AM - Comment(s)
Calculate most complex working from home deductions in less than 5 minutes
Calculate most complex working from home deductions in less than 5 miutes
RBizz Team
02/09/2020 07:14 PM - Comment(s)
Working from home expense items
25 expense items that you can claim in your working from home deductions
RBizz Team
29/08/2020 03:23 PM - Comment(s)
Working from home deductions
Calculate most complex working from home deductions in less than 5 minutes.
RBizz Team
28/08/2020 05:36 PM - Comment(s)