Property Investment Tax Advice

Some investors have the view that they should just go out and buy something that has a tenant and they will become independently wealthy over time.

This may sometimes happen, however, to maximise a return and thus be able to reinvest sooner it is important to set a written plan after consulting experts for expert advice to help you decide what, where and when to buy.

When you talk with experts in their relative fields you will be able to maximise the benefits achievable along the way of all the various steps which are involved in investing.

These steps include:

Having the correct structure and the best possible finance package, which will benefit you with low-interest rates and ongoing fees.

Engage a Quantity Surveyor to complete a depreciation schedule to maximise your depreciation on the building. Get your Accountant to prepare a Tax Variation to assist with cash flow.

Tax Tips for Property Investors
Prepay Interest
Depreciation Schedule
PAYG Withholding Variation
Keep your receipts
Initial Repairs are not deductible

Lucrum Group Pty Ltd
240 Hampshire Road
Sunshine VIC 3020

P.O. Box 128
Sunshine VIC 3020

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