It’s EOFY – here’s what you need to know!
With EOFY just around the corner, we wanted to let you know that you can expect your EOFY Habitat Property statement delivered to your inbox by close of business on 30 June. We’ve also got you covered with our EOFY Landlord checklist.
EOFY landlord checklist
· Print your Habitat EOFY statement or put it in a digital folder ready to send to your account.
· Check your landlord and building insurances and make sure they’re up to date.
· Do you have a list of your depreciation expenses for this financial year? If not, now’s the time to create one or update your existing list. You’ll need to keep expense records which show the details of any construction work or purchase. Your records must include commencement and completion dates and all costs. Items that may be eligible include:
o Building renovations or extensions;
o Building alterations or structural improvements;
o Plant and equipment assets such as carpets, curtains or window treatments, appliances, flooring and furniture.
· Have details of your loan and any interest payments or borrowing expenses prepared.
· Talk to your tax professional about prepaying your interest, applying for PAYG withholding variations and if you’re planning on selling, capital gains tax treatments.
Got a question? Email us at pm@habitatproperty agents.com.au or call on 07 3394 8254