Tax returns for property investors
Investment property tax changes
With the government recently narrowing the type of property deductions residential investors can claim, getting your taxes right just got more complicated.
If you own an investment property, there’s lots to consider when it comes to end of financial year. If you’re receiving rent, we make sure we factor in a proportion of ownership interest and market rates to declare in the year received. We also deduct the interest paid on your purchasing loan and apportion interest for private expenses in your line of credit.
To assist in getting you your maximum refund, it’s important to be prepared with some items of information, which we’ve outlined in our property investor tax return checklist.
Basic tax information in regards to your investment property explained by H&R Block here in this Property Investor Guide. Download it now.
Our experts will make certain you claim all the deductions you're entitled to, including:
- Repairs and renovations
- Advertising for tenants
- Property agent’s fees
- Council rates and more