Renay McIntyre

Feb 19, 20201 min

10 Steps to reduce Tax on your investment property

Updated: Feb 28, 2020

  1. Know what you can claim.

  2. Understand the difference between capital improvements,repairs and maintenance.

  3. Don't forget scrapping when renovating your investment property.

  4. Pre-pay expenses.

  5. Claim for vacant land.

  6. Claim borrowing expenses.

  7. Maintain records.

  8. Understand Capital Gains Tax.

  9. Pay as you go (PAYG).

  10. Engage Experts.


 

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