Hi All,
I recieved Steve’s book for Christmas, and just finished it, a very good read!
I liked Steves attitude to rewarding tennants for rent paid on time, it is definitely against the old theory of “landlord vs ratbag tennant”.
I am sure his rate of tennants doing the dirty on him are very low (much lower than industry standard)The question I have is “buying all these movie tickets would add up to a considerable amount at the end of the year.Does the Tax office allow this as a deduction in this situation??”
I beleive they do. If you spend money in order to make money, then the expense is generally claimable.
(i’m not an accountant)
Terryw
Discover Home Loans
Parramatta
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Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
interesting question – hopefully one of the accountants on this forum will have a go at it.
This is one for investors to be wary of in markets where the listed sale price is strongly (but wrongly) linked to the rental yield. Or free weeks rent etc etc.
We have just been asked by one of the major real estate agencies in town to do some independant rental assesments for them.
There is a demand by european buyers for truely “independant” assesments.
Alot of these back door incentives are not formal and can not be found in the course of normal DD.
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D&L Property Projects Ltd
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