But let’s give credit where credit is due. The ATO website can sometimes provide some very useful information, especially if you’re a first time property investor.
If you’re thinking about buying an investment property, or you already have one – or more – check out the ATO’s rental property video series which breaks down chunky tax topics into bit size bits of useful information.
It answers questions like, what records you need to keep when you buy or sell a property, how to distinguish between repairs and renovations for tax purposes, and tax considerations if you co-own a property.
There’s also useful information to be found if you’re selling a rental property that you once lived in yourself.
Check out the full list of videos below:
- Introduction to rental property and tax
- Claiming depreciating assets
- Claiming interest expenses
- Co-owners of a rental property
- Getting repairs and capital works right
- When can I claim a deduction for rental expenses
- Selling your rental property
- Selling a rental property that was your home
- How to include rental income and expenses in myTax
Thinking of becoming a landlord?
View our current listings for sale or talk to us about landlording.
