The end of the financial year looms near and it's time to start thinking about getting the most out of your investment property.
There are many things you may be able to claim so get those receipts organised and check out some of the ways you can minimise tax this year.
You may be able to claim :
• Advertising for a tenant
• Body Corporate fees
• Council rates
• Depreciation on plant and equipment
• Interest on a loan to purchase the property
• Insurance
• Land tax
• Property agents’ fees
• Repairs and maintenance (fully deductible)
• Capital works deductions/special building write-off
• Stationery, postage and telephone
• Travel expenses
• Water rates
Speak to your tax agent or accountant for more information.
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