How to maximise investment property tax deductions

Investopoly · Jul 19, 2022 · 15m

You must invest in residential property primarily to benefit from the power of compounding capital growth. Any tax benefits (negative gearing) are merely a positive consequence of this investment, not the reason for it. That said, of course it makes sense to maximise your taxation deductions wherever possible. Make it easy for yourselfMaintaining accurate and complete taxation records is necessary to ensure all tax deductions are captured and treated correctly. I encourage my clients to utilise their property managers services to make record keeping as simple as possible. This involves asking…