Hi,

If you get audited, will the ATO ‘automatically’ also audit your partner (husband/wife)?

Our situation is that one is good at keeping records,receipts etc. but the other half is not.

Originally posted by Misty1:
Problem is,i love this site soooo much[inlove]that i cant get off it until my eyeballs have dried out so much from reading,& my ass is killing me from sitting for so long,that i HAVE to get off it! So informative! Just thought i’d add in a little light heartedness & to share my appreciation of everyone’s…[Read more]

Thank you all for your comments. I have annual termite inspection for my ppor.

Chan$, you mentioned doing a pest control every 1-2 years, I take that as being for spiders,cockroaches, etc. but not termites? because chemicals used in termite treatment around the house usually lasts 5 years (costs about $400).

HT

Our rate notice has GRV (Gross Rental Value), and the way they work out the basic rates is:
GRV = 8000
Rates = 8000 x 0.079 (residential rate)
= $632

but I don’t know how the above relates to the un-improved land value.

Hi,
My understanding is if you have IO loan, taken out anytime in this financial year, you can pay upto one full year’s interest at end of June, and because its for investment, you can claim the total interest as a deduction. For example, if the loan was taken out in Feb., you would normally have to pay 5 month’s interest by end of June, but you…[Read more]