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rental/tax Ok..the book by Mrs. Lomas is good..it covers multiple property portfolio scenarios & emphasises finding positive cash flow properties...a good read. Also picked up : Taxation pocket guide by Jimmy B. Prince for Australian property investors..covers tax laws.. and, Rental...

rental tax Thanks all, the property was inherited...i agree to the premise - that you may lose one way and gain the other.. I went out and borrowed some books from the Library..rental /tax/investment...one by a Margaret Lomas looks interesting- '' How to maximise your property...

rental tax Thanks for all your comments... If Repair brings something back (restores) to original conditon.. then restoring a fireplace - (un-bricking..unclogging...sweeping), should be classed as a repair....yes? sorry to labour the point.

rental income - tax I thank you all for your comments..forgive me if I seem 'geedy'...I'm not looking to 'avoid' just 'minimise'...and from what I've seen of all the investor forums around, minimisation seems to be quite popular and readily advised on. the line between 'repair & replace' and...

rental income tax Thanks everyone..much obliged. also, is it true that any renovation /extension be written up as repairs on the receipts? Thanks

Hi, I need clarification.. If I'm a private individual with one IP.. (1) is the total rent for the year added to my earned income - then taxed at the marginal rate?...or (2) is it assessed seperately..ie income less expenses..in a seperate tax return? What is the rate of tax on...