What rental expenses that I cannot claim for tax deductions?
Rental expenses for which you are not able to claim deductions include: * acquisition and disposal costs of the property * expenses not actually incurred by you, such as water or electricity charges...
View ArticleWhat rental expenses that I can claim for an immediate deduction?
Expenses for which you may be entitled to an immediate deduction in the income year you incur the expense include: *advertising for tenants * bank charges * body corporate fees and charges * cleaning...
View ArticleCan I claim tax deduction for the expenses happened before the property was...
Question: I recently bought my first investment property in April 2010. Unfortunately it wasn’t rented out until early July. I wonder if I can still negative gear anything (claim tax deductions) for...
View ArticleCan I claim tax deduction for a special levy the body corporate imposed?
Question: I recently bought my first investment property, there was an extra $2000 special levy charged by the body corporate to repaint the whole building. I presume it falls under repair and...
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