Property & Taxation: A Practical Guide to Saving Tax on Your Property Investments - Softcover

Prince, Jimmy B.

Softcover

ISBN 10: 0730375528 ISBN 13: 9780730375524

Publisher: Wiley, 2013

Synopsis

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.

About this title

About the Author

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.

From the Back Cover

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.

From the Inside Flap

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.

Edition details

• Publisher: Wiley
• Publication date: 2013
• Language: English
• ISBN 10: 0730375528
• ISBN 13: 9780730375524
• Binding: Paperback
• Edition number: 1
• Number of pages: 232