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Taxation of residential rental properties – more than just assessable rent and deductible expenses

Expenses, tax and administration

$150.00 +GST

Audience

This event is recommended for accountants and auditors working with SMSFs.

Audience

Learning outcomes

  1. Explain how the tax rules operate to allow a taxpayer to negatively gear a rental property; 
  2. Evaluate the implications of a negative geared property on tax offsets and other benefits; 
  3. Calculate the CGT cost base of a residential property; 
  4. Assess the effect of recent changes to certain residential property deductions; 
  5. Identify when a taxpayer is in the business of renting residential property and evaluate the implications; 
  6. Assess the impact on the CGT main residence exemption where a taxpayer’s home derives rental income. 
Learning outcomes

Relevancy

This on demand 90 minute webinar was recorded live on 07/11/2022 and allows you to learn in your own time at your own pace and provides 1.5 CPD hour.

Relevancy

CPD hours

If claiming CPD hours, this course provides 1.5 Legislated CPD hours, the breakdown is as follows:

  • Tax (financial) advice 1.5
CPD hours

The decision to invest in residential property is one made by many taxpayers.  Those who make the choice will have additional assessable income, and deductible outgoings.  But there are tips and traps to be aware of for even the most straight forward of investments.

In this webinar we will look at some of the trickier aspects of getting the tax right on a rental property (or properties) including:

  • The consequences of negatively gearing a rental property, such as the effect a net rental property loss might have on eligibility for a number of tax offsets and benefits
  • How to calculate the cost base when it comes time to sell, particularly how to treat costs of construction
  • “New” restrictions on rental property deductions relating to travel expenses and depreciation on second hand assets
  • When is a taxpayer ‘in the business’ of renting residential property, and what does it mean if they are?
  • Impact on the main residence exemption of renting your home……..and more.
Karen-PNG-colour

Presented by

Karen Goodfellow
Terms and Conditions
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