How to maximise Investment Property tax deductions...

As the end of the Australian tax financial year (30 June) approaches, it's a good time to check you've done everything to maximise your tax deductions.

For those of you with investment properties, it's important to have an accurate and complete tax depreciation schedule for your tax deduction.  This is particularly important for newer builds, where depreciation can be significant.  You can do this yoursefl, or use a Quantity Surveyor.  The cost of the Quantity Surveyor's work is tax deductible.  

I especially like BMT Quantity Surveyors's promise that "we guarantee to find double our fee in deductions or you will not pay for our service".  (I am independent of BMT).  Click here if you're interested.  If you write "Mortgage Choice Oakleigh - Marvin Coleman" in the "how did you hear about us" cell, you'll qualify for a $55 discount for the service, so your report will only cost $715.

Posted in: Property investment

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