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
The message is loud and clear: investing in property can be a solid path to financial freedom, but what’s not so apparent to ordinary Australians is how to make it happen. Ben Kingsley – co-author of the best-selling The Armchair Guide to Property Investing and co-host of The Property Couch podcast – teaches Aussies how to … Read more
Working out if a property will make a good investment is undoubtedly complicated, but experts say it rests on three simple things; rental yield, capital growth potential and underlying demand. Get these three things right and property investment success awaits. What is the rental yield? Rental yield is a key metric … Read more