Property Investors Save Big $$$ With These Tax Deductions…

Property Investors Save Big $$$ With These Tax Deductions…Owning an investment property not only offers the opportunity to build wealth but extends itself to the opportunity to save tax also. These tax savings can go a long way towards assisting with your investment property cash-flow requirements and assist in paying off your investment property sooner.

Being prepared is the key to obtaining all of your entitled tax savings. Many investors don’t keep on top of paperwork and legal requirements, nor do they seek to understand available deductions associated with investment property.

Here is a list of deductions that may be available to property investors:

  • Advertising for Tenants
  • Bank Charges
  • Borrowing Expenses
  • Capital Works
  • Council Rates
  • Depreciation of Assets
  • Gardening and Lawn Mowing
  • Insurance
  • Interest Expenses
  • Land Tax
  • Legal Expenses
  • Body Corporate Fees
  • Pest Control
  • Agents Fees and Commissions
  • Repairs and Maintenance
  • Stationery
  • Telephone Expenses
  • Related Travel
  • Water Charges

Keeping accurate records from the outset is a golden rule to maximise your tax savings. Always keep receipts and source documents and don’t let paperwork “pile up”, rather file it promptly and efficiently. Check with your tax accountant to make sure you are claiming all that you can legitimately claim.


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