Managing our money as a couple

« Back to Home

3 Investment Property Tax Deductions You Might Not Have Thought Of

Posted on

Negatively gearing an investment property is an excellent way of structuring your affairs to minimise tax while simultaneously setting yourself up for a capital gain on the property’s eventual sale. To maximise the tax benefits of negative gearing, you need to maximise your deductions. Here are 3 investment property tax deductions many investors forget to include when submitting their returns to the Australian Taxation Office (ATO). Prepaid interest Most investors know that they can claim interest on borrowed funds as a deduction against their rental income, but did you know that you can claim a deduction for interest that is prepaid up to 12 months in advance? Read More»