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After a political standoff almost saw negative gearing legislation drastically changed in Australia, may investors began worrying about their property portfolios. We asked Sam Saggers from Positive Real Estate to explain the ins and outs of negative gearing – and how to avoid being overexposed
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Landscaping is generally non-deductible in terms of your annual tax return. However, you should keep a record of these expenses as they will form part of the calculation of the capital gain upon sale of the property.
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Most people are aware that owning real property comes with a myriad of tax issues. This month, Eddie Chung, partner at BDO, looks at the tax deductibility of travelling costs incurred by owners of investment properties, and the new withholding tax regime that commenced on 1 July 2016
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