Don?t leave the success of your investment up to a visit to your accountant once a year –– this book could save you hundreds! In print for over 10 years, Rental Property and Taxation debunks the many myths surrounding tax and real estate investment, and takes an objective look at how a loss from a rental property can affect your tax situation. In this fully updated fourth edition, practising accountant Tony Compton arms rental property owners and would–be owners with the information they need to be better informed about tax as it relates to their own circumstances. It covers all aspects of rental property ownership, including: allowable deductions decline in value and construction cost write–offs negative and positive gearing record keeping structures and ownership, and more! With its plain–English explanations, real–life case studies and the latest updates to tax laws, Rental Property and Taxation will take the ?buy now and hope for the best? factor out of tax planning for rental property investments. INDICE: Preface v 1 The purchase 1 2 The tax return 9 3 Variations of tax instalment deductions 25 4 The sale 29 5 The goods and services tax 33 6 Capital gains tax and rental properties 37 7 Decline in value revisited 49 8 Construction cost write–off 71 9 Interest 73 10 Interest–only loans: a strategy 79 11 Split loans 81 12 Negative gearing 85 13 Positive gearing 93 14 Repairs and maintenance 97 15 A letter to an agent 105 16 Other tax matters 113 17 Losses on rental property 121 18 Structures and ownership 133 19 Hybrid trusts 137 20 Record keeping 143 21 Preparing your tax return 151 22 Technical matters 157 23 Land tax 179 Conclusion 185 Appendix A: Deduction checklist 187 Appendix B: Pro forma agent?s statement summary 190 Appendix C: Pro forma agent?s rental statement 191 Appendix D: Pro forma decline in value schedule 192 Appendix E: After–tax cost of interest 193 Index 195
- ISBN: 978-0-7314-0848-1
- Editorial: Wiley–Blackwell
- Encuadernacion: Rústica
- Páginas: 208
- Fecha Publicación: 09/01/2014
- Nº Volúmenes: 1
- Idioma: Inglés