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Are you claiming all of your tax deductions for your residential investment properties?
- Advisa
- Nov 5, 2018
- 1 min read
As an investor in residential investment properties you may be eligible to deduct certain expenses relating to your investment properties from your taxable income. This may help reduce the amount of tax you have to pay, leaving more cash in your pocket to spend on other things such as holidays, future investments or just paying your loans off sooner.
You should always consult a registered tax agent when reviewing the deductibility of your expenses, however the ATO publish a useful guide which can assist you in determining which expenses may be deductible and those which are not.
You can access the Guide for rental property owners via the ATO website or via the link below:
Don’t have a tax agent or accountant? Then, contact ADVISA and we can put you in contact with a registered tax agent and accountant who can help you maximize your deductions and help you minimize your tax.
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