A balancing act

Article Abstract:

Information about the capital gains tax limitations is crucial before claiming deductions for rental property. Information regarding the working of these tax limitations is provided to assist the people dealing with sale or purchase of capital assets.

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Bubble, bubble tax and trouble

Article Abstract:

A court case disallowed depreciation claims of a range of items in rental properties. The Small Taxation Claims Tribunal reviewed each of the disputed items on the Queensland rental property and affirmed the tax office decision.

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Taxing the house

Article Abstract:

Rules regarding capital gain taxation on property are discussed. Property acquired after September 19, 1985 for producing income has to incur capital gain tax on being sold.

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