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Rental property owners: Top 10 tips to avoid common tax mistakes - Tax Accountants Fountain Gate
The ATO is reminding rental property owners that each year it sees some fairly common mistakes being made with tax claims, and the outcomes that result, in regard to investment properties. It has therefore released a list of the top 10 stumbles, and how best to avoid them.
SMSF trustees: Operating expenses you can deduct - Tax Accountants Footscray
Operating expenses that are incurred by an SMSF are mostly deductible, however there can be exceptions to the extent that these relate to the gaining of non-assessable income (such as exempt current pension income) or are capital in nature.
CGT exemption on inherited homes - Tax Accountants Eastwood
Inheriting a home or a legal interest in one could be the largest windfall gain that many Australians ever experience.