As far as nails and hooks go... we have put them in every single property we've ever lived in and not had any hassle. We don't go overboard, and we keep the place really clean, and that seems to work for us. In current rental we have also got permission to put in a vegie garden, replace the toilet seat and get reimbursement, add shelves to the kitchen.... you'll be right! Good luck!
I was just wondering how this works in relation to receiving rent for your place? Does this count towards your taxable income for the year? Just wondering because I had often had the thought that we could rent our home out, and rent somwhere else and probably come out better as the rent that we would receive on our house would be a lot higher than what we would be paying to rent a diff house.
Yep it is declared as income.
but you can claim against - insurance, rates, water, repairs, agent fees and interest repayments.
What ever is left over then you have to pay tax on.
also double check how long you have lived in the property and how long it was an investment (rented) because this can also affect you when it comes time to sell - capital gains etc, as there is a limit of time that turns the property no longer into your principal place of residence - thus more taxes when you sell
HTH
Best to have a chat to an accountant to sort it out for you in preparation
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