This is a must-read for any owner of, or anyone considering purchasing, a rental property. Property promoters create the illusion that negative gearing is a magic potion that will solve an investor’s taxation problems. That is not necessarily so. This book takes an unbiased and objective look at the tax effect of a loss from a rental property. It’s been the author's experience that the majority of property investors do not understand the tax implications of their investment. It is no wonder. Our taxation system is involved, complex and unwieldy. Rental Property and Taxation, now in a completely updated 4th Edition, addresses that problem. It provides practical and sound advice in an easy-to-read manner. The reader is taken through the purchase of a property, the tax return and the sale. A checklist is provided to help ensure that deductions are claimed in full. The effect of non-cash allowances such as depreciation and the construction cost of write-offs are discussed, as are repairs and maintenance, capital gains tax, record-keeping and other tax matters. Contents include: Preface 1. The Purchase 2. The Tax Return 3. Variations of Tax Instalment Deductions 4. The Sale 5. The Goods and Services Tax 6. Capital Gains Tax and Rental Properties 7. Depreciation Revisited 8. Construction Cost Write-Off 9. Interest 10. Interest-Only loans: A Strategy 11. Split Loans 12. Negative Gearing 13. Repairs and maintenance 14. Other Tax matters 15. The Tax Effect of a Loss from a Rental Property 16. Structures and Ownership 17. Record-Keeping 18. Technical matters 19. Land Tax 20. Some Statistics Conclusion Appendix A: Deduction Checklist Appendix B: Pro Forma Agent’s Statement Summary Appendix C: Pro Forma Rental Statement Appendix D: Pro Forma Depreciation Schedule Appendix E: After-Tax Cost of Interest Bibliography Index