Do you have an investment property?
Whether you currently have an investment property or are looking at investing in property in the future, there are some things you need to be aware of.
The ATO have developed two new flyers for you about tax and property investment. These are:
Top 10 tips to help rental property owners avoid common mistakes – outlines the 10 most common mistakes the ATO see on tax returns for rental property owners, and how to avoid them.
Tax-smart tips for your investment property journey – outlines the records you need to keep at each stage of your investment property journey. It includes easy tips to help you get it right throughout the year and provide our office with correct records at tax time.
You can also check our our rental property checklists on our website for information we need when preparing your return.
Please feel free to contact our office if you need further assistance.