Hot Tip: Optimise All Possible Tax Deductions
Keep ALL receipts. This is very important in claiming tax deductions and make sure to employ the services of a tax accountant specialising in property investment to optimise all possible deductions.
The following are the property management tax deductions you can claim immediately:
- Property Management Fees
- Body Corporate Fees,
- Council Rates,
- Legal Costs, Advertising for Tenants and
- Bank Charges.
Declining Value for Depreciating Assets and Capital Works is another deduction that you may claim over period of time.
For a more exhaustive list of items, click here to download the ATO's Guide for Rental Property Owners.
So it is always a joy to come home after a long day and not be able to get in to your house! You say to yourself, the keys worked this morning! At 10pm on 16/2/18 this is what happened to me ahhhh!
The only number I had was for Rental Management on call and Lorinda was the lucky winner.
She was straight on to it and...
Paul Mullins, RMA South Perth (Facebook review)