All Entries Tagged With: "ATO"
End of Year Investment Taxation Expenses
It is nearing the end of the financial year and a visit to your Accountant is imminent.
When you are a property investor you need to consider your tax very carefully. If you have more than one property, take care to keep all the information for each property separate …..
Rental deductions – be aware the ATO are coming
CPA Australia has warned that the Australian Tax Office has property investors under close scrutiny this financial year due to suspicions that rental deductions are being over-claimed ….
Understanding Capital Gains Tax – profits and losses
I think it is important to clarify any thoughts you may have about Capital Gains Tax given the property market that we are experiencing at this time.
When the word ‘TAX’ is used people often tend to lump it all into one basket and think that one tax can be written off against another …..
Tax Depreciation and Quantity Surveyor FAQs
Q. What is a Quantity Surveyor?
A. A Quantity Surveyor is an independent professional consultant to the property and construction industries, offering advice to investors …
Depreciation and Investment Property FAQs
Q. What is depreciation?
A. According to the tax office, under income tax law, you are allowed to claim deductions for expenses incurred in earning assessable income, eg. rent. The cost …
Common Tax Reporting Mistakes
The Australian Taxation Office (ATO) has highlighted the following as common mistakes Property Investors make and are important reminders of the kinds of issues they monitor …
What is a Quantity Surveyor
One of the most popular questions that I get asked is ‘What is a Quantity Surveyor?’. Apart from the normal answer, which is ‘I am a Quantity Surveyor’ I thought I would answer that question …
Depreciation Schedules and ATO Audits
“I have been told that if I use a Quantity Surveyor’s report for the depreciation schedule the ATO are more likely to audit you is this true?”
Actually no, this is not true, the ATO carry out …
