_joyce replied to the topic Finding the right Agent in the forum General Property 14 years ago
How do you find out the number of properties managed by an agent? I find that this information is not disclosed by the agents themselves.
_joyce replied to the topic Is this legal? in the forum Legal & Accounting 15 years ago
No, I want to leave it as owner-occupied. I don’t want to declare the property as investment. Therefore, I’m not claiming any deductions on my tax. I’m just not sure if this is legal, leasing out the property but not declaring it as investment. I don’t get the rent.
_joyce replied to the topic property investing jargon in the forum So LOC is not an offset 16 years ago
So LOC is not an offset account, am I right?
_joyce replied to the topic Terminology in the forum opps, found the 16 years ago
_joyce replied to the topic Declaring a property as investment in the forum Help Needed! 17 years ago
"Drawback to renting out one room and declaring income is that room is no longer subject to an exemption for capital gains tax."Sorry, but could you briefly explain what is capital gains tax in this (house) scenario? I downloaded the ATO document but it states about shares, and not really on the housing section.
