You have just spent a relaxing time with your family in your favourite holiday destination, and you are thinking, wow this would be an ideal place to purchase a holiday home for future vacations and as an investment for retirement. To offset the expenses of running your holiday home, your plan is to have the holiday home available for rent for most of the year and use the home for your holidays for some of the year. How does the Australian Taxation Office deal with a situation like this, do they allow you to claim any deductions against the holiday home rental income? [...]
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Is this your first rental property or maybe you are adding to a portfolio of properties. What information do I need to keep in respect to Capital Gains, Rental property income and Tax Deductions. [...] Have just completed the CanDo4Kids corporate challenge, the Amazing Race. Highland Accounting Services team, the Wombats raised $4,500 for CanDo4Kids. Aaron, Mike, Paul and myself are looking forward to participating in the 2010 corporate race This site has been providing tax information for some time, until now haven’t asked for anything in return. I am looking for donations for our team in the Amazing Race. Highland Accounting Services have sponsored a team of 4 in the race. The team consists of myself, son Aaron, brother Paul and friend [...] |
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