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Replace Selected Option to the Standard Rental Application

Replace Selected Option to the Standard Rental Application

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What can I deduct from capital gains on rental property?

These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. You can deduct the ordinary and necessary expenses for managing, conserving and maintaining your rental property. Ordinary expenses are those that are common and generally accepted in the business.

What makes a landlord choose your application?

2) A suitable replacement tenant is a person/s who the landlord has deemed to be acceptable after an application process has been completed. This can involve obtaining references, credit checks and a suitable guarantor.

What qualifies for the replacement of domestic items relief?

Some landlords may deny applications from people whove been convicted of dangerous crimes, fearing that such tenants pose a danger to the property, community, or other tenants. Landlords are legally not allowed to deny an application because of a potential tenants criminal background, but it does happen.

What is a domestic item?

domestic goods means goods associated with a residential occupancy and includes but is not limited to firewood, small amounts of building materials, garden equipment and furniture and household belongings and sports equipment that is in normal keeping with the principal use of the property.

What is the replacement of furniture relief?

Replacement of domestic items relief allows landlords of furnished, part-furnished or unfurnished residential dwellings to claim deductions for the cost of certain household items. This means you may be able to claim tax relief if you have replaced domestic items in your rental property.

What is tax deductible on an investment property NSW?

Land tax, council rates, and water rates (including charges and usage) are all claimable on tax so long as your investment property is rented out. If theres a period of the year where the building wasnt occupied, then you cant deduct taxes and rates for this timeframe.

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