Income Tax

When looking at investing in property there are three components that will be looked at in terms of income tax implications and your tax return:

• Deductions prior to the property becoming income producing
• Rental Schedule when property is income producing
• Capital Gains Tax (CGT) Schedule when property is disposed of

Deductions prior to the property becoming income producing

The only deductions a property investor can claim for prior to the property becoming income producing is Interest, so long as the intent is that the property is to be used for income producing purposes.

Rental Schedule when property is income producing

Rental Schedule detailing all income and expenses either paid for or received per property during the financial year.

Capital Gains Tax (CGT) Schedule when property is disposed of

CGT schedule on disposal detailing your purchasing and selling costs not otherwise deductible during ownership.

If you have any questions regarding income tax, for a small fee of $49.50 you will get our professional opinion on the concerns you may have.

Planning

Where Do I Start

Property or Shares

Determining Risk

Ownership Options

Self Managed Super Fund

Buying a Property

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Investing in Property

Affordability

What Are My Benefits

Make Your Investment Pay

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Getting Finance

Choosing a Lender

Choosing the Right Loan

Fixed v. Variable Loan

Low Doc Loans

Mortgage Insurance

Costs To Buy

Tax Implications

Negative Gearing

Capital Gains Tax

Income Tax

Tax Variations

Deductable Expenses

Tax Deduction Checklist

Tax Refund

Getting Ready For Tax

Depreciation Schedules

Quantity Surveyors

Cash Flow Analysis