Rental Property Series 1

There are various resources out there on property investment, and leading up the end of financial year, we want to shed some light on some issues you may not have considered in relation to investment property ownership.

Here is the first in a series from the ATO outlining the do’s and don’ts of deductions:

Punch in the Depreciation

If you have invested in property in the past which has cost you to hold that property, then this year’s budget may not have been very good news for you. After Tuesday night’s budget, those taxpayers have far less scope to reduce their tax bill using net rental losses on an investment property. There will…

Tax for everything Dad…

Do you have adult children? Do you have your Life Insurance within superannuation? If you answer yes to both of these questions, and your kids will be beneficiaries of your fund, they may be making friends with the Tax department upon receipt. When your superannuation is paid to your ‘non-dependent’ children, (meaning they are grown…