Does anyone know if you can have a commercial lease out a residential home/property? I'm not sure of the zoning rules? e.g. when the house is in a residential zone, not a business zone….TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
How would the person leasing the property go claiming their expenses from the ATO, if the (residentially zoned) property is being used for business purposes?TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213kinderyum wrote:How would the person leasing the property go claiming their expenses from the ATO, if the (residentially zoned) property is being used for business purposes?
Normal situation applies. If the expense of rent relates to their making of income it could still be deductible.
Residential Tenancy ActScott No MatesParticipant@scott-no-matesJoin Date: 2005Post Count: 3,856
If the user is going to be a business use (not residential usage), then you would generally be much better served with a commercial lease agreement rather than a residential tenancy agreement. The RTA lease is set up for home occupancy not for commercial use and so may not suit the purpose you seek.Rob G.Participant@rob-g.Join Date: 2010Post Count: 70
Loss of six year absence main residence CGT exemption.
Sigh …thecrestParticipant@thecrestJoin Date: 2004Post Count: 992BoughtWithEquityParticipant@boughtwithequityJoin Date: 2013Post Count: 68
Do you Aussies have a federally mandated lease or lease form? Is that what RTA is?thecrestParticipant@thecrestJoin Date: 2004Post Count: 992
(RTA) Residential Tenancies Act is State legislation which governs residential tenancy matters in NSW, not commercial tenancy matters.
It's enforceable and is a guide to how landlords, tenants and Real Estate Agents should conduct themselves. Hmmm. lol.