The ATO has a great publication guide that explains how to manage and understand rental income and expenses, including how to treat more than 230 residential rental property items; depreciation of items such as building, fixtures and fittings, capital gains tax; general value shifting regime, goods and services tax (GST); negative gearing; what you need to know when selling a rental property or buying a new investment property and lots of great real life examples to make it simple and easy to understand the concepts.
Click here to download your copy via the ATO website
Saving to buy a first home has never been easy, but with prices reaching new highs around the country, it takes more discipline than ever. But it’s not just the deposit that first-home buyers have to save. Upfront expenses can cost first-home buyers thousands of dollars, and need to be … Read more
ou’ve reached that point where your property needs have changed. Maybe you want more space, different features or a whole new lifestyle. Relocating could be the answer. But how will this impact you financially? And what do you need to consider when relocating within the same area, as opposed to … Read more