Residential Investment Property – Tax Obligations!

Keeping You In The Know – Experts Advice The Australian Taxation Office (ATO) has over the last couple of years been contacting rental property investors to set them on the straight and narrow regarding their tax obligations. Recently, the ATO sent letters directly to taxpayers who reported for the first time in their 2010/11 Income Tax Return, that they had an investment property. This letter was to assist their understanding of their tax obligations and how to avoid common mistakes in reporting on their investment. Investment property is a passive investment, which means that any losses … [Read more...]


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