Recent content by rotsevni

Thanks Terry I have read through the Act. Would it be fair to say that costs for improvements to the property (blinds, light fittings, letter box, etc) would fall under the fourth element which is: capital expenditure you incurred: (a) the purpose or the expected effect of which is...

I have a question regarding CGT and items that can be added to form part of the cost base. Property in question was built brand new and has only be used as an IP These are the items I believe can be added to the cost base: - conveyancer / lawyer costs to sell property - stamp duty paid...

Thanks for all the replies everyone :) It seems that I may have to use a tax agent for this. Can anyone recommend a tax agent based in Melbourne specialising in property investment?

Hi there, I am looking to claim the interest costs while my IP was under construction. Has anyone claimed this deduction using e-tax? When going through e-tax, the Rent section asks the question 'Did you earn rental income or was your property available for rent? This seems to be the only...

Thanks for the feedback guys, greatly appreciated!

Hi All, I am currently building a property and it is almost due for completion. My plans are to rent out this property once construction is complete. My question is whether the interest on the loan will be deductible during construction of this property which will be rented out once...

Hi All, Just so I have this clear: 1. If you take out a loan to purchase land on which to build a rental property, the interest on the loan will be deductible from the time you took the loan out. 2. The interest on the loan will be deductible at commencement, during and until construction...

Hi all, I have been searching for threads listing the paperwork you should receive on handover of a brand new house. I have come across this thread and all there is so far is the certificate of occupancy. Other paperwork I can think of is -warranty and manuals for all appliances What...

Hi Guys, Just wanted your thoughts of things to check on the day of handover. Here is a list of things I would check. -paint defects (internal & external). -everything on your contract is installed (phone points, power points, tv points, heating & cooling points) -check power points are...

Do you also have RACV landlord insurance and if so any thoughts on it?