With tax time upon us, it’s important to understand what you can claim in order to get the full deductions you are entitled to in regards to your investment property. Here is a list of items you can potentially claim as deductions on your tax return:
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Any owner of an income-producing investment property is eligible for significant taxation benefits. Despite this fact, according to the Chief Executive Officer of BMT Tax Depreciation, Bradley Beer, 80 percent of property investors are failing to take advantage of property depreciation and are therefore missing out on thousands of dollars in their pockets. “Property investors often assume they are ineligible or that it is not …
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With 2016 the hottest year on record and the scorching summer temperatures predicted to continue, there’s no doubt air-conditioning is an essential. Wagga Wagga is known for its extremes in weather – contrasting very hot summers with freezing cold winters. Year round comfort is an essential thing both buyers and renters are looking for, and it can certainly be a deal breaker, so it helps to have …
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Many landlords don’t think about the immediate dangers of self-managing their investment property and sometimes think it is as simple as collecting the rent from their tenants. This couldn’t be further from the reality of what it takes to manage the tenancy of your investment property… Can you afford to take the risk? The immediate dangers in self-managing are leaving yourselves open to many risks …
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As inevitable as death and taxes, in all rental properties some type of maintenance issue will arise from time to time. Just as you would take care of your own home, you need to ensure that your rental property is kept in good working order. This is not only financially beneficial, as it will ensure the value of your investment is upheld, it is also …
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