Real estate employees 2011-12

Introduction

Real estate employees is a simple summary of Taxation Ruling TR 98/6 - Income tax: real estate industry employees - allowances, reimbursements and work-related deductions. This ruling provides information on tax deductions specifically for salespeople and property managers who are employees in the real estate industry.

This guide explains the claims you can and cannot make by looking at the common expenses you might incur as a real estate employee. It also includes information about some changes to the tax laws that have occurred since the ruling was issued - for example, capital allowances. It will help you to work out what claims you can make.

Use this guide with Individual tax return instructions to get your deduction claims right. When you sign your tax return, you are declaring that everything you have told us is true and that you have or you can get the written evidence you need to prove your claims. You are responsible for this proof even if you use a registered tax agent.

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