Julia's Blog Owning a Rental Property
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Category «Owning an Investment Property»
If Your Home or Investment Property Has Been Damaged in the Fires – Updated 4th July 2021
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 …
Do You Have Enough Houses To Be Allowed To Transfer Them To Your SMSF
Transferring Residential Property To Your SMSF If you own a property that you want to transfer to your SMSF the transaction must take place at market value but it must also be a property that is used “wholly and exclusively” in a business, though not necessarily your business. Commercial property is fine of course as …