Property Accounting Property Capital Gains Tax Property Rental Category

Common tax traps for residential rental properties Common tax traps for residential rental properties 

22/04/202422/04/2024 Steven Rider CPASteven Rider CPA 0 Comments

Getting claims right is more important than ever with the ATO’s increased focus on residential rental properties. • 11 April 2024 • Steven P. Rider CPA As we approach the end of the income year, this is an ideal time to look at the traps that can trip up agents when preparing{...}

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Property Rental Category

POST-SALE INTEREST FOR RENTAL PROPERTIESPOST-SALE INTEREST FOR RENTAL PROPERTIES

25/09/202325/09/2023 adminadmin 0 Comments

Post-cessation interest for rental properties (i.e., Loan Shortfalls) and the Vacant Land Rule In some circumstances, the sale proceeds from an income-producing property may not be sufficient to fully pay off the loan which the taxpayer borrowed for acquiring the property; which means the taxpayer will continue to be charged{...}

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