Real Estate Investments & Tax Time

We are now completing another tax year, it is time once again to think about the preparation of your annual taxation.

The following schedule identifies the types of costs that are typical tax deductions for residential investment property owners:

  • Interest on loans to purchase the property, plus interest on loans to undertake repairs, renovations or renovations to investment property. Please note that the ATO has once again flagged interest deductions as an area of interest and therefore the ATO has communicated that interest deductions may be subject to audit.
  • Agent