The Australian Tax Office (ATO) will look closely if it knocks on your rental property door. Knowing what can and cannot be deducted, as a legitimate tax expense can be a minefield when it comes to investment property. Due to the complexity of the Tax Act, there are often amounts spent on a property that, if not treated correctly, could cause audit problems. These include:
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Have you recently moved house? Changed mobiles or email address? If so don’t forget to give us a call and update your details. It is important that we have accurate contact details for tenants and landlords in order for you to be contacted in case of any emergency that may occur. Landlords, why not also register your accountants’ email
Continue readingOur Property Investment Consultants, Ben and Angela, offer insight into the Wagga Wagga rental market. In the past week, we have experienced a slight increase in properties available on the market. There has also been an increase in the number of people attending inspections, but the number of applications submitted has declined.
Continue readingPool certification for sale and rental properties has been postponed for twelve months to allow owners sufficient time to get their pools certified. The NSW Office of Local Government has given owners of swimming pools and spas until 29 April 2015 to get a certificate of compliance. Real estate representatives have expressed that they would like more time to ensure pools are compliant before selling …
Continue readingIt is necessary to ensure your investment property is safe and secure for your tenant. Landlords must provide and maintain locks and security devices to ensure that the property is reasonably secure. install quality locks on all doors, windows and gates security screen doors will provide better protection than fly screen doors
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