Tracey Collins
Those not affected by the flooding in Queensland, Victoria and New South Wales watched in horror as lives and livelihoods were lost last week, but it’s only now that the full effects are being felt by investors whose rental properties were damaged in the deluge.
Tax accountants Personal Tax Specialists has prepared a quick checklist to help rental property owners assess the tax implications the flooding will have, so they are aware before commencing the rebuilding process.
Here is a list of the big tax issues rental property owners must consider:
