It’s that time of year again, the financial year has only days left and it’s time to think tax! You have an investment property, so now is the time to start planning your deductions, if you haven’t already done so. The easiest way to maximise your return? Make a list for your accountant with everything itemised and categorised to make tax time fuss free.
Everyone dreads tax time, but if you own a rental property then it’s actually one of the most advantageous times of the year. It’s when you can actually start putting all the money you’ve put into your property to work.
Some property owners end up missing out on crucial savings because they haven’t put in the effort to keep their documents or receipts, or they just don’t bother.
That’s a big mistake! Read More