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You listed a granny flat on Airbnb and it has only been rented a few times, so you decided not to declare the income. In the words of Julia Roberts in Pretty Woman: "Big mistake."
Property investment

Avoiding those costly rental property deduction mistakes

The ATO is looking to narrow the gap between $47.4-billion in tax deductions related to property, compared with $44.1-billion of reported income

  • by Melissa Browne
Richard Howes, chief executive of Challenger, is banking on specialist investment platforms and boosting other partnerships to pick up the slack in annuity sales.
Life insurance

Challenger's Japan partnership expansion 'boost for annuity sales'

  • by Stephen Miles
Older women make higher voluntary contributions to super than men, on average, but still retire with less
Superannuation

Older women contributing more to their super accounts than men

  • by John Collett
Savings can be placed into a mortgage offset account, where they can be matched against your home loan, and interest is only charged on your loan for the reduced amount.
Home loans

Six tips to help you pay down your mortgage

  • by Paul Benson
If Afterpay can make a success of its US expansion, the shares are worth much more. If the US drive doesn’t pan out, the shares are worth less. Perhaps a lot less.
Innovation

Buy now... but will shareholders pay later?

  • by Scott Phillips

Ask an expert

Super conundrum on NAB fees-for-no-service compensation

Noel Whittaker
Noel Whittaker

It would be reasonable to assume that a refund of fees wrongly charged to a superannuation fund should be able to be re-funded to that fund.

Unravelling complex 'will trust' laws

George Cochrane

You must include trust income distributions in your Australian income tax return and pay tax on them.

Jumping through hoops to access Pension Loan Scheme

Noel Whittaker
Noel Whittaker

Accessing the pension loan scheme continues to be a big problem for those who need it

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Planning & budgeting

Investing

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Borrowing & saving

If Afterpay can make a success of its US expansion, the shares are worth much more. If the US drive doesn’t pan out, the shares are worth less. Perhaps a lot less.
Innovation

Buy now... but will shareholders pay later?

  • by Scott Phillips
Analysis
Home loans

Fixed mortgage rates slide as markets bet on RBA cut

  • by Clancy Yeates
Money & relationships

How older Australians captured a growing share of the nation's wealth

  • by Conal Hanna

Also in Money

Richard Howes, chief executive of Challenger, is banking on specialist investment platforms and boosting other partnerships to pick up the slack in annuity sales.
Life insurance

Challenger's Japan partnership expansion 'boost for annuity sales'

  • by Stephen Miles
Superannuation

Older women contributing more to their super accounts than men

  • by John Collett
Ask an expert

Super conundrum on NAB fees-for-no-service compensation

  • by Noel Whittaker

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