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ARTICLE · 04 JULY 2016

Maximise tax deductions for your property

Coutts Solicitors & Conveyancers
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Many landlords fail to claim all allowable tax deductions because they are unaware of the expenses that they can claim.

AustraliaStrategy
Coutts
Coutts
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According to the ATO there are around 1.9 million property investors in Australia and 2.7 million rental investment properties. Surprisingly, many landlords fail to claim all allowable tax deductions simply because they are unaware of all the expenses they can claim as a tax deduction.

There are two types of investment property strategies positively geared or negatively geared.

Positively geared properties – where rental income is higher than interest payments and tax deductible outgoings. Tax is likely to be paid on the net income.

Negatively geared properties – where rental income is less than interest payments and tax deductible outgoings. The loss can be o? set against other income earnings, reducing assessable income and therefore your tax payable.

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