The
Australian Taxation Office released an overview of 2012 income tax returns for
individuals, companies, superannuation funds, partnerships and trusts. The recent
publication does not include information on the number of individuals with an
interest in a rental property. In 2011-12,
there were 12,736,030 individual taxpayers in Australia of which 14.9% were
rental property owners declaring a total of $ 7,860 million in losses. There
were 626,230 individuals reporting a net profit of a combined $5,939 million
and 1,266,540 individuals with the total net loss of $ 13,799 million. On
average, the net rent profit was $9,438, the net rent loss was $10,895 while
the average income loss for both negatively and positively geared property
investors was $4,146.
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REIQ
Wednesday, 9 October 2013
