税务与折旧

Investment property landlords need to understand rental income reporting, deductible expenses, negative gearing, depreciation, capital gains tax, and record keeping.

Negative gearing happens when the costs of holding an investment property exceed the rental income, and the loss may be used to reduce other taxable income.

A depreciation report identifies depreciable building structure and plant/equipment items such as flooring, walls, air conditioning, cabinetry, and carpets.

Capital gains tax may apply when an investment property is sold for a gain.

The six-year rule can apply when a former main residence is rented out and later sold within a qualifying period.