After its announcement in the Federal Budget in 2017, the passing of the ‘Housing Tax Integrity’ Bill in the last quarter of 2017 confirmed once and for all that government intends to deny certain deductions previously available to rental property owners. Specifically, those deductions are those related to travel expenses in connection with the collection of rent and maintenance or inspection of residential properties used as an investment. Furthermore, the legislation also removes deductions for depreciation of plants and second‑hand equipment that came with the purchase of said property.

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“Improvement” repairs made by investment property owners often draw the attention of the ATO.  Usually investment properties have improvements done shortly after the initial purchase.  This is usually referred to as “initial repairs” when it comes to discussing tax liability on such repairs.

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Funds and investment related to rental properties may be opportunities for you to reduce your tax liability, whether the investment comes from a new or existing loan, a split or linked loan, or an offset loan. This article provides information about rules and flexibility within each loan, as well as some useful tips for calculating tax liability.

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Starting a business is a major undertaking, and everyone involved in such a venture need all the help they can get, including from a tax perspective. Fortunately, there are several avenues available. Taxpayers who are setting up a business or raising finances for one have historically been able to claim a tax deduction on the costs associated with starting it, including the following scenarios:

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