Investment Property Tax Deductions

Investment Property Tax Deductions

By Property Management Department

03-05-2017 One of the easiest ways to maximise your tax return is to make as many deductions as possible. The deductions are made in relation to the costs of owning an investment property. Costs that can be claimed include:

* Council & Water Rates
* Strata Levies
* Insurance (Landlord & Building)
* Repairs & Maintenance
* Depreciation (See blog on depreciation)
* Land Tax
* Property Management Fees
* Accounting Fees
* Loan Interest & Fees
* Travel costs to inspect the property
* Pest Inspections

Claiming all these deductions is one of the simplest steps to take in boost your investment return.