Well it’s that time of year again, the start of a new financial year. That means it’s time to get your shoe-box full of receipts and head to your accountant. If you are one of the many Australians with an investment property be it a traditional home; unit or Granny Flat, read on.
It is important to do your research or ensure you heed advice from qualified professionals when it comes to maximising your tax return.
Have you used a qualified quantity surveyor to perform a depreciation schedule? For a tax deductable fee of around $700, this is a great way to ensure you are maximising your depreciation claim.
Are you claiming for all that you can?
- Advertising for tenants
- Council Rates
- Tax advice
- Insurance
- Garden maintenance
- Home improvements
- Building items that can be claimed under depreciation
- Interest
Happy tax time everyone.