Description
There are numerous tax rules and regulations associated with real estate that you need to comply with and, if you get it wrong, the Tax Office could impose stiff penalties. Fortunately, help is at hand. In plain English, Property and Taxation explains just what your tax obligations are. Inside you’ll learn: how property speculators and property investors are taxed; which expenses are tax deductible; how to calculate a capital gain and capital loss; about the tax issues associated with owning your main residence and overseas property investments; how negative gearing works; about owning property in different legal structures. This comprehensive guide will give you the know-how to legally reduce your tax liability – and build your wealth.
