Ready to turn your investment property into a powerhouse of wealth building?
Whether you're a seasoned investor or just dipping your toes in the water, it's crucial to understand your rental property expenses. From property management expenses to tax advice, we outline the top tax deductions that can maximize your savings and boost your investment's profitability.
We don’t just stop there! To simplify, we’ve divided these deductions into two categories: immediately deductible expenses and those claimed over several years. You'll learn the difference and see which expenses fit into each category.
Be sure to watch as we delve into crucial aspects, like understanding what constitutes a repair (and thus tax-deductible) versus what is classified as an improvement. We also spotlight the most significant tax deduction you can claim: interest on your home loan.
⚠️ Note: Always ensure your documents are in order well before lodging your tax return.
Join us in the journey to successful property investing. Watch the full video now and start maximizing your investment property potential! Have questions? Don't hesitate to reach out!
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Steve Palise is a licensed Real Estate Agent experienced in sourcing quality commercial property investments. He has helped thousands of clients secure and purchase properties. Steve Palise has worked for Australia’s leading buyers’ agencies and is passionate about helping others to achieve their goals and financial freedom. His philosophy: Investments should increase your wealth and passive income with as little risk as possible.
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