Money magazine Comments - Three tax return mistakes that could cost property investors thousands Confusion over what they can and can't claim as a deduction is costing property investors thousands of dollars at tax time. https://www.moneymag.com.au/feed/latest?story=169489910 Wed, 29 Jul 2020 21:34:48 +1000 Wed, 29 Jul 2020 21:34:48 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Three tax return mistakes that could cost property investors thousands https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Megan Smith ()

Hi, when working out CGT for a deceased estate Tax return on a rental property that was sold mid way through the FY I am wondering if I can use the property management fees and other expenses relating to the rental of the property(that have not been claimed already) against the capital gain rather than as a deduction against that years rental income?

I'm asking as the rental income was around $10K with non other income and the CG is around $400k before the 50% discount and I feel it would make sense to apply the rental expenses to the CG to minimise the gain?

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]]> Megan Smith () Wed, 29 Jul 2020 21:34:48 +1000