Tax for landlords – 2 part series Non-Member


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Approximately one in six Australian individual tax returns include net rental income. A vast majority of the one in six have a taxable income of less than $90,000 per annum. Incredibly, the nation’s total property position is a net loss. In a high interest rate environment (which should sensibly mean more net property losses), it is easy to see why the ATO has landlords in the gun.

Property has been a very attractive investment option for Australians. This is particularly so given the availability of negative gearing, whereby investors may be able to claim tax losses on an investment property, whilst still enjoying the unrealised capital gains on the property. Overlay that with the potential benefit of the six-year absence rule and other provisions, and it is easy to see why property is such an attractive investment proposition.

This two-part session will cover:

  • Typical errors with rental properties
  • The general principles of property tax
  • Revenue / capital distinction in property
  • Repairs vs improvements and why it matters
  • Treatment of borrowing costs
  • Interest deductibility
  • Treatment of travel expenses
  • Treatment of legal expenses
  • ATO focus areas
  • Depreciation (Division 40 and 43)
  • Relevant CGT events
  • Pre-CGT property
  • Subdivision
  • Relevant GST considerations, including a discussion of discussion of GSTD 2000/9 para 6 and Cripps v FC of T 99 ATC 2428

Recorded on 16 and 18 October 2023
Presented by Joshua Goldsmith

TPB CPD Hours: 2 hours
Legislated CPD Hours: 2 hours in tax (financial) advice