Rental Property Owners Tax Tips
So you have a Rental Property or two and think that you have made a smart move towards a better financial position... Yes, that could be the case, but are you making sure you are getting the maximum benefits from your Property Investment?
How can we help?
Well, we are able to provide you with advice and solutions regarding the various aspects of Taxation that apply to Property Investment. Here at Advantage Accountants (SA) we have a vast knowledge on all areas of Property Investments and the applicable Tax Legislation. There are many Tax Deductions you can claim. You can reduce your Taxable Income by up to 50% in some circumstances.
We recommend you arrange a time to meet with one of our friendly staff members to discuss your current and future needs in relation to your Property Investment. Don’t miss out by not having the information you need to ensure you are getting the most benefit from your Property Investment, contact our Office.
We have also developed a Check List for Rental Property Owners to use, see below.
Rental Property Owners Tax Time Check List
| Advertising for Tenants | Body Corporate Fees |
| Borrowing Expenses | Cleaning |
| Council Rates | Capital Allowances (depreciation on plant) |
| Gardening and Lawn Mowing | Insurance |
| Interest on Loan(s) | Land Tax |
| Legal Fees | Pest Control |
| Property and Agent Fees | Repairs and Maintenance |
| Capital Works Deductions | Stationery, Telephone and Postage |
| Travel Expenses | Water Charges |
| Sundry Rental Expenses |
This Check List may not apply to every single Rental Property Owner, but it is a good general Check List for you to use to ensure you are prepared for Tax Time.