Hi all Looking for an experienced accountant to help to prepare tax returns. Looking for someone who knows the system, maximise deductions etc....
Hi All :) Anyone assist with some ideas or Options? Here's my position... I have a $70k loan against my PPOR all ready to go to purchase some...
It may still be possible to claim interest and other expenses incurred in relation to an investment property where the property is vacant. The...
Hi all I was intrigued by one of Terry's recent posts...
Purchased an investment property 6 months ago. Older building with some renovations a few years ago. The roof is in good condition but old. To...
I am just thinking about this, however, I cannot get such examples on the ATO website, I am just wondering if anyone has gone through this. Say...
Hi guys, newbie here. Haven't encountered a situation like this so thought I'd ask the trusty members here. If someone is receiving a...
With private loan (in personal names) that has redraw funds that are used for purchase of an investment property, which date is the percentage of...
Hi experts, Just doing some sums. Could I please get a sanity check on some of the costs we have incurred during purchase of an investment...
Suppose you just purchased an investment property. My understanding is: 1. If you buy a property and make repairs to it before it is rented out,...
To be able to claim an expense in relation to a rental property that expense generally has to be connected to income somehow. When a property is...
I had a loan balance of $300k on an investment property but refinanced it for $333k and took out some money for personal use. Both loans P&I...
Hey all you cool cats and kittens, I just purchased an IP free standing brick and timber house but have not insured it as yet :o Below are...
For tax reasons it is importance to ascertain what a ‘borrowing expense’ is as these may be deductible under section 25-25 ITAA97 INCOME TAX...
I'm wondering what are the best legal ways to get tax deductions on my IPs. I've read through many of the threads on here and many things on RE...
Hey all, Another quick, & granted simple, query: when one gets their end of financial year (EOFY) statements from their property managers, if one...
Hi everyone, Just purchased my first investment property at the age of 22 and trying to wrap my head around all the tax rules. I'm quite confused...
This matter has most probably been discussed but I cannot find anything. A week ago I finished the reno that turned my PPOR into an IP. As of...
Hi i finished building a duplex beginning of this year. Both sides have a separate address and separate titles on them now. However I have one...
are legal fees paid to lodge probate administer an estate (not to fight a dispute) tax deductible? If so on whose tax return? Are legal fees paid...
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