Avoid common mistakes
Find out what the most common property tax mistakes are and how to avoid making them.
Special tax rules for businesses in property-related activities
Find out about special tax rules for businesses in property-related activities
Depreciation recovered on rental properties
When selling rental property it is important to remember to make an adjustment for any depreciation previously claimed.
GST and zero-rated apartments
There are conditions attached to some types of apartment. You need to know what they are or you might get an unexpected GST bill when you sell your apartment.
Living in a property owned by your LAQC, company, partnership, trust or LTC
If you're living in a property owned by your LAQC, company, partnership, trust or LTC and are claiming what would otherwise be private expenses, this may be regarded as tax avoidance.
Mistaking property dealing for property investment
Property Investor is a term often applied collectively to property speculators, dealers and investors. However, they are all distinct under tax law and each has very different tax considerations.
Special tax rules for associated persons
If you’re a property owner and you or an associated person are in businesses with property related activities you may be affected by special tax rules.
Unplanned rental income
As a speculator or dealer, you may decide the time is not right to sell a property, so rent it out. If you decide to hold and rent out a property rather than selling it at a loss during times of declining property prices or slow sales, there are implications for income tax, and GST, if you are registered.
When rental property investment becomes rental property dealing
Owning rental property doesn't mean you are automatically exempt from paying tax on the sale of rental properties. You may be regarded as a speculator or dealer for tax purposes.
Date published: 30 Jul 2010
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