PH: (07) 5502 7694
PHONE: (07) 5502 7694 FAX: (07) 5665 9606
ADDRESS: 15 JACOB COURT, UPPER COOMERA QLD 4209 AUSTRALIA
POST: PO BOX 825, OXENFORD QLD 4210 AUSTRALIA
Purchasing a rental property is a great way to grow your personal wealth and in the circumstance where the property is negatively geared it can reduce your tax liability. Did you know that only 50% of investment property owners are getting the full tax advantage from their property?
Common deductions for Investment properties
So if you want to know more about the tax advantages of investment properties or currently have an investment property call us today on (07) 5502 7694.
Individual tax returns which include rental properties start from $180.
Depreciation on fixtures & buildings – To take full advantage of this deduction we recommend (as does the tax office) getting a quantity surveyor to prepare a report. The cost of this report is also tax deductible.
Interest on loan
Bank fees on loan
Borrowing costs – These costs can be written off over five years or the
ownership period, whichever is shorter.
Repair & maintenance costs
Property agent fees
Council rates & water charges
Body corporate fees
Building & landlords insurance