Blaze,You cannot claim deduction on $6k stamp duty and solicitor fees (it will reduce your capital gain instead).  You could claim 50% of other expenses but will also have to declare rent income received.You have to weigh up whether it is worth renting out one room (and getting relatively small tax refund each year) versus capital gains tax u…[Read more]

Hi Mini,If you lived in the property as soon as possible after purchasing it, you have established the property as PPOR (and hence can use the 6 year absence rule to rent out it for up to 6 years and can sell it CGT free).Paper work involved would be just to have a lease agreement between yourself and the tenant.  If the property was built post 1…[Read more]

Magic32,Not sure if you are getting a report for a strata title apartment/unit, but if you are, one thing to specifically ask the QS to do is calculate the depreciation and capital allowance in common areas of the block (you are entitled for a share of the common areadepreciation).RegardsKevin