MasterNuggets with Meng: Mental About Rentals!

Is the rental property more (tax) trouble than it’s worth? Navigate common tax issues relating to investment & rental properties.

In this session, we cover:

• Case Study: Sanjay’s Getaway

• Claiming deductions for an income year

  • General deductions under s 8-1

  • Is the property genuinely available for rent?

  • Requirement to apportion deductions

  • Methodology for apportionment

• Deductibility of certain expenses

  • Travel expenses relating to non-business individuals and residential property

  • Expenses incurred after an investment property becomes a main residence

  • Expenses incurred in the renovation of a property after it was used for income producing purposes

  • Second hand depreciating assets, e.g. appliances for a rental property

Date recorded: 26 May 2025