Tax returns can be complicated enough, but throw a rental property into the mix and things can get just that more complex. Mitch McKeown and Ricky Caldow, Directors at the Bongiorno Group, explores the essentials of preparing tax returns for rental properties, with an emphasis on the accurate reporting of ownership percentages, rental income, and deductible expenses. Key topics include the importance of genuine availability for rent, proper documentation, and the impact of property depreciation. They also highlight how positive vs negative gearing affects tax outcomes.

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria and the Australian Dental Association Victorian Branch.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/

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