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How are you Taxed on your Investment Property?
Expenses or outgoings that are incurred in the course of producing assessable income or carrying on business, to the extent that it is not capital, private, or domestic in nature. Common allowable deductions include council rates, interest on a bank loan drawn down to buy an investment property, land tax, etc.
Income derived on your investment property, which is predominantly rent and, in commercial properties, recovery of outgoings pursuant to the lease. Other assessable income includes non-recurring receipts, such as insurance recoveries.
Whether you are buying or selling Real Estate, the process itself can be challenging.
My top priority is making your experience as stress-free and successful as possible.
