Hot Tax Tips for Property Investors

Taxation can largely affect an investments overall return so it’s important to get it right!

Here are some of our Hot Tax Tips to ensure you get the most from your Investment:

1. Obtain a Quantity Surveyor Report to increase Capital Works and Depreciation deductions

2. Hold the property for greater than 12 months to halve Capital Gains Tax

3. Keep Investment Loans separate from personal debt to ensure maximum deductibility of interest

4. Record keeping is crucial, make sure you keep supporting documents for all rental property expenditure to maximise your deductions

5. When you have a negatively geared property consider if a PAYG Variation to reduce the withholding tax on your wages throughout the year is appropriate for you. This will provide you with extra cashflow throughout the year instead of having to wait for your refund at the end of the year