08/06/2022
TAX TIPS FOR PROPERTY INVESTORS
With the end of the financial year fast approaching, it’s important to consider any tax obligations ahead of June 30.
While property investors should be looking to work with an accountant and other professionals, here are some things to think about ahead of the deadline.
Know your deductions
Property investors are able to claim a host of deductions against their rental income. Knowing what deductions you can claim is important, as is keeping a record of all the work that has been done to your property over the course of the financial year. Some of the most common deductions are:
• Mortgage interest payments
• Property advertising fees
• Real estate management fees
• Renters insurance
• Council and water rates
• Cleaning at the end of a tenancy
• Taxation advice relating to the property
• Gardening and maintenance fees
• Building and asset depreciation
Success Mortgage and Finance Partners Pty Ltd
• Authorised Credit Representative (537729) of Outsource Financials Pty Ltd,
• ABN: 15656446114
• Mob: 0452 549 152, 0423 745 574.