Anyone trying to get more repairs/renovations done before the tax cuts to get more of a deduction? Or is it not worth it for you?
Hello, So here's the scenario: Let's say you have a 500k redraw home loan account with $499,999 sitting there available for redraw. If I...
Hello Comrades, I started preparing my lovely tax return and noticed that during 2022/2023 I refinanced all my investment loans. Several...
Hi Property Chat, I have an investment property where the current tenant has made a complaint about asbestos on the property. Council have...
upon selling the property, is financial compensation paid to tenant to break lease for purpose of selling as vacant handover a valid deduction for...
A friend bought an IP about six years ago. The property was a mess - massive jungle of vines, holes in the floor, windows missing, kitchen ancient...
Hi All, Apologies if this has already been asked – I searched but didn’t find an answer relating to my scenario. I have a query about how to...
Hi brains trust I am facing the following scenarios and wanted to check my understanding of whether it's a deduction or depreciation related to...
Here's the scenario: An invoice for IP repairs was paid late in FY21 prior to the contractor completing the works This expense was claimed as a...
Hi all... I trust this may have been answered previously and I have searched, however I wanted to post specific on my property and hope to get the...
In Sep 2020 we got a loan from lender A for a piece of land where we want to build an IP and obviously started paying interest. In Jan 2021 the...
Hello, I am in the process of completing tax return for FY 20/21. During the year we purchased an older IP and I had an assessment done for the...
Hi there, Longtime lurker, and learnt a lot from these forums (thanks!) Am hoping someone can comment on my understanding of the following: I...
Hi All, Hope you guys well, Just asking about tax deduction and depreciation query. I bought my investment property before 9/5/2017 (in July...
For DIY renovations, I understand that the things you install - tiles, walls, floors, fittings etc are generally capital expenses and are...
I have to put new smoke alarm systems in my IPs (before 2021?). I'm just wondering if I can claim the full amount of the cost and installation as...
Looking for opinion on the below. We recently refinanced our PPOR mortgage - and got around 100k equity out. Original Loan was 400K and the new...
Hello PC Tax gurus, I am seeking confirmation or otherwise if the proposed straightforward scenario is acceptable: - I have an undrawn loan in...
Hi there, I was reading ATO Tax guidelines on rental properties and they have not mentioned anything about the houses which were constructed more...
Hi there! While reading a post about paying down a PPOR or IP, someone suggested it was possible to get 100% IP Loan as tax deductible??! Can...
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