How rental income is taxed - Which?
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ato.gov.au
Keep all the below paperwork for when you come to sell your rental property: 💰 Purchase price 📜 Legal fees 🏡 Estate agent fees 💸 Stamp Duty Land Tax 🛠️ Improvement costs that add value to the property. Think extensions, new kitchens, structural work. These are capital expenses, not day-to-day repairs, so they shouldn’t be claimed on your annual tax return. 🏠 Lived in the property as your main home at any point? Make a note of the exact dates so you can claim PPR relief later and reduce you
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How will this rental property be taxed when it’s sold?
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