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…