Money you earn from renting out a room in your house is rental income, according to the Australian Tax Office (ATO). This applies to rooms rented by traditional means or through a sharing economy website or app. You can only claim expenses related to the part of the house you rent out and you need…
Estimate the likely depreciation deductions for your investment property Mitchell Partners’ new Tax Depreciation Calculator helps you to estimate the likely depreciation deductions claimable for all types of property including residential, commercial and manufacturing buildings. Click here to start using our Tax Depreciation Calculator now. Talk to us Want to order or find out more about…