What is deductible and what’s not for property investors?
Many expenses relating to investment properties are tax deductible. With the end of financial year in sight, property investors should be planning to maximise their property investment tax deductions. By claiming the available tax deductions, your rental profit can reduce and ultimately reduce your taxable income.
Deductions apply for any property you own that is available for rent, hence excluding your home or personal holiday accommodation. Listing with agents can help … Read more »