Capital works deductions for rental property
Rental property investors can claim capital works deductions for construction costs for a rental property, however there are limits imposed in relation to the dates…
Investments – Including Property
Read MoreCapital works deductions for rental property
Rental property owners lose some deductions
Legislation that came into law in the last half of 2017 makes certain measures first announced with the 2017 Federal Budget now a reality. The…
Are those investment returns on revenue or capital account?
Investment returns can be on revenue or capital account. Similarly investment expenditure could also be on revenue or capital account. The distinction between revenue and…
Share trader or investor, and trading stock versus capital asset
Investment products may be held as trading stock by a taxpayer carrying on a business of share trading or options trading. However, whether a particular…
Deductions for finance for a rental property
Interest can be claimed for the cost of funds borrowed to purchase a rental property and to meet maintenance costs or running expenses while the…
Rental property owners can get regular ATO attention on “initial repairs”
The ATO frequently re-focuses its attention on claims that investment property owners make for repairs to rental residences that it deems to in fact be…