Rental Property and Taxation (4th Edition)

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 Installment 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