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
Australians nearing retirement will be encouraged to downsize their homes to free up more houses for younger families in a pandemic budget that also aims to help more people into home ownership. Tuesday’s big-spending and jobs-focused federal budget contains help for single parents and more first-home buyers to get into … Read more
When it comes to selling your home at auction, vendors often face a difficult decision; lock in a pre-auction offer or push through to auction day when strong competition could push the price higher. House hunters tired of missing out in the hot property market are increasingly making pre-auction offers, in … Read more