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Investing in property using an SMSF has many advantages. It also comes with many pitfalls that could get you in trouble with the tax office. Eddie Chung explains.
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The dual occupancy is simply a property with two sources of income. Returns for both the short and long term are superior and this assists tax payers with the recurring question of “how can I make my property positively geared?”
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Many property investors are now investing in large blocks of land and putting a granny flat at the back of the property. Indeed, not only is this popular for investment properties but also popular for PPR’s (principal places of residences). The main tax issues with Granny Flats that we have come across are as follows...
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