Capital Gains Tax!

Capital Gains Tax!

We are often asked by clients what is my capital gains tax rate? Capital Gains Tax is not a set rate but rather based on your marginal tax rate. The good news if you hold the property for 12 months or more it can be discounted. The nature of what you use the asset and...
What is an initial repair?

What is an initial repair?

An Initial repair occurs when you acquire a new rental property that has existing know repairs. Initial repairs are not able to be claimed outright in the first tax year but treated as a capital expense. We are often asked what is the tax treatment of an initial...