It is that time of the year again where it is important for all property investors to take the time to carefully review their accounts and seek independent professional advice to assist with getting the most from your investment. Seeking professional advice can sometimes mean the difference in saving $100s to $1000s in tax dollars.

Items that can be claimed include: Advertising costs, body corporate fees, management fees, commissions, capital Works, depreciation, cleaning/gardens, pool maintenance, Insurance, interest, bank fees including, ATM and overdrafts, travel and expense to the property, repairs and maintenance, legal expenses, office supplies, pest control and rates.

* This is a summary of important items that can be claimed and is not a full comprehensive list.