Did you know that the Australian Tax Office (ATO) offers property investors significant tax deductions on their investment property?!
If you are an investor, make sure you take full advantage of these tax deductions! It’s not often the ATO gives away gifts!
Seeing the full potential of all the tax breaks available to you could be the difference between you hoping to earn enough money from your investment property and having positive cash flow.
You can claim tax deductions on:
- interest on your loan
- rental agent fees
- property manager fees
- legal expenses
- quantity surveyor fees
- council rates
- Insurance
- repairs and maintenance
- depreciation of the property and it’s fixtures and fittings
Barbara Hutson