Category «Owning an Investment Property»

If Your Home or Investment Property Has Been Damaged in the Fires – Updated 4th July 2021

Regrowth after the 2020 Australian fires and the taxman

Download PDF – Updated 4 July 2021 If your Home or Investment Property Was Damaged in the Fires, The taxman is lurking behind those new green shoots of regrowth and what a bonanza to be had. The ATO can easily administer through already established data matching with land titles offices and insurance companies, while for …

Claiming Property Expense When Not Rented

Claiming Property Expense When Not Rented       The big question is – “What is Exceptional Damage Beyond Your Reasonable Control?”  The answer in the case of the above photo would depend on a DNA test because if your family does the damage, no tax deduction. What a segue!  Sounds a lot more interesting than discussing …