Because the ATO website is hard to use, I'll ask here: Property manager collects rent during June, deducts expenses incurred in June, then pays...
Hi tax experts say an investor signed a sale contract ( to sell his investment property) on 10 May, and the property settles on 5 July. which...
I recently created a discretionary trust with a corporate trustee but have done nothing with it (no transactions whatsoever). 1. Do I need to...
Hey all, I am in the process of preparing for my Trust tax return. This is my first trust so please be patient with me. Essentially here's the...
I've tried searching many places, but unable to work out this question - looking for advice before I see an accountant. (Example dates used) If...
I have setup a corporate trust. This is the 1st year for lodging tax return. May I ask if it is legal to lodge tax return by myself or require an...
Having just got my NRAS tax certificate (yay!) I sat down to prepare my tax papers to give to my accountant and discovered a few unnecessary...
Waiting for Tenant arrear and property damage payments at the moment. This will be costs incurred in 16/17 But the insurance payment is yet to...
Straightforward (hopefully!) question to refresh ahead of hitting tax return time. Which of the following bank related fees are tax deductible? -...
I have got a friend who bought a house in 2007 with cash. The house is under his and his wife's names. Then he and his wife went overseas. During...
Question 1 I told my accountant that I scrapped my venition blinds and bought roller blinds. OWDV was $154 She has depreciated them by $12 with a...
Hi, newbie question, if my IP is vacant for a year, and im covering the mortgage, lets say its 25000 annually in repayments, how much roughly...
Hi everyone, We settled our 1st IP this year in April and anticipate OTP property loan coming up in July. We usually do our own tax returns but...
Standard distribution statements from managed investments (e.g. STW) or trusts show that "Other net foreign source income" goes into 20E and 20M...
Hey guys, I have paid the deposit for a small lot in March. I am still looking for the builder and the construction will start probably mid next...
Just received the bill from my accountant for the 2015-2016 tax return which was a lot larger than expected so I'm curious to see what other...
If you know your total income, and can estimate your deductions, then this calculator works pretty well... if you are wondering what your return...
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