Claiming what’s rightfully yours is essential and our Property Tax Deductions Checklist is a great starting point for securing your investment property tax deductions.
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Written by Darryl Simms First published on LinkedIn Pulse on 9/06/15
Our checklist covers a multitude of tax deductible expenses that you may be able to claim and is a useful tool when meeting with your accountant, as it arms you with some basic knowledge around what questions you should be asking.
It is also important to make sure you have a proactive accountant that is knowledgeable in the property investment arena. In addition you want to make sure they are “up to speed” with the constantly changing tax rules implemented by the ATO (Australian Tax Office) that relate to property investment.
If you are in need of such a service please feel free to Ask Darryl for an introduction to one of our many “tried and tested” property focused accountants.
Finding as many ways as possible to Pay Less Tax seems to have almost become another favourite Australian hobby. This is not to be construed as a bad thing as provided you are pursuing avenues that are legal then you are only getting what the tax office and the Australian Government have created to encourage property investment.
Our 4 page Property Tax Deductions Checklist covers a broad range of items in the following categories:
- Acquisition
- Maintenance
- Depreciation
- Negative Gearing
Use our Property Tax Deductions Checklist to put yourself in the best possible position for wealth creation by ensuring you are claiming the maximum possible tax deductions.
Like To Pay Less Tax? Check out our Free Video Series
Related articles:
Tax Tips: Maximize Your 2015 Tax Deductions
Negative Gearing: To Stay For Property Investment
Immediate Access Below to Property Tax Deductions Checklist
About Darryl
Darryl Simms specialises in helping individuals invest in property for less than a latte a day, reduce their tax and create enjoyable lifestyles.
As the Founder of Latte Property, Darryl willingly shares his extensive knowledge built up over the last 25 years to help clients create wealth through property investment.
Latte Property has a large following of successful property investors who have enjoyed professional guidance in the purchase of quality new apartments, new townhouses and new homes.
Darryl is also the Author of “50 Must Know Property Investing Tips” and is currently busy writing his next Property Investment publication.
Darryl’s favourite quote is:“Try not to become a man of success, but rather try to become a man of value” – Albert Einstein
Source: LinkedIn Pulse