Blog tagged as ATO Rules

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.

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.

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.

This is all that you need to know about taxation on rental properties.

What are the top 3 mistakes taxpayers with rental property income make in their tax returns?

Calculate most complex working from home deductions in less than 5 miutes

25 expense items that you can claim in your working from home deductions

Calculate most complex working from home deductions in less than 5 minutes.