Can anyone tell me how I can recognise my IP in QLD as an investment property for tax purposes? My sister lives there and is paying me rent without a real estate agent involved.
For my IP in Victoria I use a real estate agent and they send me a yearly statement which I think is called a rental agreement and I give that to my tax agent.
Do I draw up one of these myself?
Cheers
Keifer.
For my IP in Victoria I use a real estate agent and they send me a yearly statement which I think is called a rental agreement and I give that to my tax agent.
Do I draw up one of these myself?
Cheers
Keifer.