It has the potential of saving tax provided it is done correctly. it is important that comparison is performed between what all the costs will be...
You might be deemed to be carrying on an enterprise i.e business. so you have to take into account the GST issue as well. there are lots of other...
agreed on what @Mike A said.
I don't see any issue in claiming interest incurred on offset account provided it is only used for income-earning purposes
agreed, it will create an issue for you
You can get main residence exemption under the six year rule for the time it was rented out provided you were not treating any other residence as PPOR
you can use this calculator to work out the capital gain on the property Capital gains Calculator for Rental Property - ThinkWiser
Assuming that you have tax losses from IP with no other income that you can use to offset against those losses, you have to report losses from...
You can just do a non lodgement advice through mygov. Do you need to lodge a tax return?
Technically, you should go back and amend your return to claim the interest. from my understanding, you can only add non-deductible interest cost...
As @Terry_w mentioned, it is considered derived when the agent receives the monies
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