Claiming interest expenses for rental properties
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable…
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable…
Rental property: Tax approach adjusts for COVID-19 The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory. Many tenants have…
Many residential rental property owners have had their rental income affected by COVID-19. As a result of this income year not being business as usual,…
What happens if your property is damaged from the results of a natural disaster, or by tenants? Such a situation can affect the types of…
Legal changes just passed by Parliament require mortgage brokers to act in the best interests of consumers when providing consumer credit assistance or face much…
There is a taxation ruling (in draft form at the moment) that spells out when a rental or commercial property owner may be able to…