If you own an investment property and earn rent from it, of course you'll be wanting to claim any expenses you incur while earning said rental income. Unfortunately, the ATO has some pretty strict rules as to what expenses you can claim, and when. Read on for some detailed information on the types of rental property expenses you can claim as tax deductions.
In a recent interview with Mike Michalowicz we answered some of the most common questions we get about how GST fits into the Profit First formula. You can watch that below or read on.