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Tony COMPTON
Rental Property and Taxation: An Australian Investor's Guide 3rd Edition
Paperback
Description:
Rental Property and Taxation is a concise, well-explained guide on compliance written specifically for Australian property investors. The third edition is fully updated and revised, including the many changes for 2006 with the introduction of higher thresholds for high income earners. This sheds a whole new light on negative gearing strategies for investors and this may no longer be so attractive for certain investors.
This is a must read book for anyone who owns, or is considering purchasing a rental property. Property promoters create the illusion that negative gearing is a magic potion that will solve an investor's tax problems.
This book takes an unbiased and objective look at the tax effect of a loss from a rental property.
It is the author's experience that the majority of property investor's do not understand the tax implications of their investment. It is no wonder.
Our taxation system is involved, complex and unwieldy.
The new 3rd edition of this book addresses that problem. It provides practical and sound advice in an easy-to-read manner. The reader is taken through the purchase of a property, the tax return and the sale.
A checklist is provided to help ensure that deductions are claimed in full. The effect of non-cash allowances such as depreciation and the construction cost write-offs are discussed, as are repairs and maintenance, capital gains tax, record-keeping and other tax matters.
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