Category «Owning an Investment Property»

Claiming Property Expense When Not Rented

Claiming Property Expense When Not Rented       The big question is – “What is Exceptional Damage Beyond Your Reasonable Control?”  The answer in the case of the above photo would depend on a DNA test because if your family does the damage, no tax deduction. What a segue!  Sounds a lot more interesting than discussing …

Do You Have Enough Houses To Be Allowed To Transfer Them To Your SMSF

Transferring Residential Property To Your SMSF If you own a property that you want to transfer to your SMSF the transaction must take place at market value but it must also be a property that is used “wholly and exclusively” in a business, though not necessarily your business. Commercial property is fine of course as …

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