All Topics / General Property / Allowable withholding amounts under Section 221D

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  • Profile photo of OzboyOzboy
    Member
    @ozboy
    Join Date: 2004
    Post Count: 37
    March 23, 2004 - 12:26 pm

    Can anyone list all the costs that I can ‘claim’ in calculating the tax that can be withheld on my income, under section 221D?
    I know of the following:
    – Deprecitaion of fixtures
    – Depreciation of building
    – Agents fees
    – Body Corporate fees
    – Tenant Insurance?

    What else???? (I trust myself more than an accountant!!)

    Profile photo of PurpleKissPurpleKiss
    Participant
    @purplekiss
    Join Date: 2003
    Post Count: 580
    March 23, 2004 - 1:12 pm

    Interest???

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714
    March 23, 2004 - 1:15 pm

    Ozboy,

    Council & water rates
    land tax
    legal expenses
    property management fees
    accounting fees
    travel
    insurance
    cleaning
    bank fees
    advertising for tenants

    James

    Profile photo of OzboyOzboy
    Member
    @ozboy
    Join Date: 2004
    Post Count: 37
    March 23, 2004 - 1:23 pm

    Thanks guys!!

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