Commonly missed investment property tax deductions

Investopoly · Apr 26, 2019 · 8m

An investment property should be selected based on the likelihood of it generating strong capital growth rather than secondary benefits such as rental yield or negative gearing. However, saying that, this doesn’t mean we shouldn’t maximise the gearing benefits of your current or future investment property to save on tax! So, if you’re looking to purchase an investment property or currently have one, these are some commonly missed methods/deductions that will help you get the most from your investment property: 1. Depreciation schedulesClaiming depreciation and the associated capital works…