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
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Buying a house is a long and complex process. Savvy buyers know to look beyond well-presented rooms and clever colour schemes, and think about the less glamorous sides of real estate investment. However, even after considering property insurance, maintenance hotspots, and mortgages the job isn’t complete. The area around your property is what … Read more