Hi  Are you north or south of the river?

Basically the actual taxable capital gain (amount after 50% discount etc) is added to your other income for the year and then taxed accordingly. Example: If u had wages etc of $20k and had a taxable capital gain of $50k your taxable income would be $70k for the year.You would pay exactly  the same amount of tax as someone who earnt $70k from a job…[Read more]

Im pretty confident you cant claim the cost of seminars unless the ATO considers you to be 'in business' in relation to your rental properties.http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/14120.htmhttp://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/52466.htmAlso your not able to can claim books/magazines based on this…[Read more]

HiyaI dont believe you could claim the full amount as an immediate deduction but u should be entitled to a capital works deduction.Here is the link to the relevant page of the ATOs 'Rental Properties' guide.http://www.ato.gov.au/individuals/content.asp?doc=/content/00237831.htm&page=22&H22

It should take approx 28 days so if you applied in November  i would phone them up to check on the progress.I have cut and paste the info below from the ATO websiteWe aim to give you a private ruling within 28 days of receiving all the necessary information from you. If we cannot give you a private ruling within the relevant time period, we aim…[Read more]