This on-demand session is available to watch instantly after purchase at the time of your choosing and will expire within 12 Months of purchase.
Date recorded: September 2023
This presentation provides an overview of the basic concepts in relation to the income taxation implications of rental properties in the hands of an individual including the recently passed legislation to deny deductions for holding of vacant land.
Topics Covered:
• The economics of negative gearing
• Assessable Income - types of owners
• Repairs and maintenance
• CGT and capital works (check adjustments)
• Sharing economy trips and traps
• ATO focus areas – deductions / sharing economy
• ATO audit triggers – granular data
- A list of ATO publications will also be provided.
Benefits and Learning Outcomes:
On completion of this seminar attendees will be able to:
Understand the elements of assessable income and allowable deductions available to individuals as investment property owners;
Navigate the trips and traps that can attract the attention of the regulators.
Recommended For:
This program is primarily designed for practitioners new to dealing with rental properties or need a refresh on the legislative changes that have gone through in the past few years.
Meet Your Speaker, Lisa Greig:
Lisa Greig is a fellow practitioner with small business clients. She balances her time between running her own practice and sharing her extensive knowledge and experience to all levels of the profession.
Her sessions always focus on practical insights, having firsthand understanding of the issues and frustrations facing public practice and matters important to clients.
Lisa presents the annual TAG sessions in Victoria and WA as well as sessions on specific areas that are changing or attracting the attention of regulators.
