PH: (07) 5502 7694

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CONTACT US

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

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Taxation & Accountants

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Rental Properties

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