Tax deductions related to your investment

Tax deductions related to your investment

As the financial year comes to a close, I wanted to touch base with all my clients and investors and ensure you’re taking advantage of all possible tax deductions related to your investment.

Here are five items you should consider including in your tax deduction:

1. Interest Repayments Despite being an ongoing expense, you can claim interest repayments as a yearly deduction. Depending on the size of your loan and interest rate, you could save thousands of dollars in taxes each year.
2. Property Depreciation – Depreciation is one of the largest tax deductions available for property investors, and it applies to both structural and fixed components of a property, such as windows, doors, cupboards, as well as non-fixed items like blinds, hot water systems, and light fixtures. Regardless of when you purchased your property, substantial depreciation deductions are likely available to you.
Obtaining a depreciation schedule from a professional can potentially save you thousands.
If you haven’t done so before, please let me know and I’d be happy to refer you to one of our recommended partners and receive a discount instantly.
3. Owners Corporation Fees – If your property forms part of a strata complex, you can claim owners corporation fees as a tax deduction each year.
4. Land Tax – Land tax is usually paid at the end of the calendar year, so it’s crucial to record it come tax time.
5. Agent Fees and Commissions – Any fees associated with our services are tax deductible in the year they are paid.
This short video by our partner, Motion Property about How to Read Your Statement will help you make the most of it.

I am here to support you and answer any questions you may have. Please don’t hesitate to contact me if you need any assistance.

Please be advised that the information contained in this email is intended solely for general informational purposes and should not be construed as financial advice. We recommend that you consult with a qualified financial advisor or professional before making any financial decisions based on the information provided herein.

Kind Regards,


Advocate forpropertydepression


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