hi guys,
i've currently owned my apartment for 1 year and am thinking of renting it out so that i can rent a property closer to the my office.
my question is, what gotchas and maybe tax tips are there out there?
the rent i'll get for my property is less then the cost of the property, so i pay ontop per month to cover strata and repayment on loan.
plus ill pay rent for the new property i move into which is in a dearer area.
i've currently owned my apartment for 1 year and am thinking of renting it out so that i can rent a property closer to the my office.
my question is, what gotchas and maybe tax tips are there out there?
the rent i'll get for my property is less then the cost of the property, so i pay ontop per month to cover strata and repayment on loan.
plus ill pay rent for the new property i move into which is in a dearer area.