Book description
There are numerous tax rules and regulations associated with real
estate that you need to comply with and, if you get it wrong, the Tax
Office could impose stiff penalties. Fortunately, help is at hand.
In plain English, Property & Taxation explains just what
your tax obligations are. Inside you'll learn:
- how property speculators and property investors are taxed
- which expenses are tax deductible
- how to calculate a capital gain and capital loss
- about the tax issues associated with owning your main residence
and overseas property investments
- how negative gearing works
- about owning property in different legal structures.
Packed with tax tips, tax traps to avoid and practical case studies,
this comprehensive guide will give you the know-how to legally reduce
your tax liability - and build your wealth.
Jimmy B. Prince is a fellow of CPA Australia and a tax specialist. He
is a former lecturer at La???Trobe University and teaches at the
Centre for Adult Education. He has authored several investment books
including Tax for Australians for Dummies, 2nd Edition and Shares
& Taxation, and has worked for the Australian Taxation Office and
CPA Australia.
