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Im in the process of selling my house and all it is, is a few forms (3)
better than paying 3-4% of the sale price to the real estate agent. Go Speak to your solicitor/Settlement agent and they should be able to give you all the forms you need.
Mine were helpful enough to guide me through filling them out (Im in WA)Cheers
L.A Aussie wrote:If your property is negatively geared, which means that your rent doesn't cover all the expenses related to the property, then there is no tax to be paid, and in fact you should get a tax refund againsyt your personal income tax.Your accountant will work out the tax owing for you.
Have you had a Depreciation Schedule prepared for the property? This will give you deprecitaion deductions as well, which can increase your tax return quite a lot.
Discuss this with the accountant as well.
Hi,
Im new to all this tax thingymajig, can you elaborate what a Depreciation Schedule is please? and where would i obtain one?
I do my taxes myself and i would like to expand my knowledge and make my dollar go further!
Thanks!
