June, 2017

Do you know the tax deductions for which you might be eligible for with your rented property?

Rental property deductions Owners of rental properties that are rented or are ready and available for rent can claim immediate deductions for a range of expenses, such as: interest on investment loans land tax council and water rates body corporate charges insurance repairs and maintenance agents’ commission gardening pest control leases (preparation, registration and stamp duty) advertising for tenants   Landlords may also be entitled to annual deductions for the declining value of depreciable assets (such as stoves, carpets and hot water systems), and capital works deductions spread over a number of years for structural improvements like remodelling a bathroom. […]

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Tax time is coming – Are you paying too much tax ?

Do you own or have you bought an investment property in the past financial year? Or…have you recently refurbished, altered or extended your investment property in the past financial year? Or…do you own an investment property but have never claimed depreciation in the past? Or… own any property including commercial, retail, industrial, residential, pubs, clubs, sporting – we are experts in them all. If your answer is yes to any of these questions then you may very well be paying too much tax on your income if you don’t claim your depreciation deductions. Property tax allowances (commonly known as depreciation) provide […]

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