podcast

How to get more money back at tax time

0

Tyron Hyde, Washington Brown, How to get more money back at tax time

{{youtube id="ZMVDPY_n2sw?list=PLZWLiY_OqG3NVFkLd9O_jexF9TKb0NWXd"}}

Some property investors dread tax time. To me it's an opportunity, and as a property investor you should ensure you're getting all the legal deductions you can. The number one way that you can do that is to claim the maximum depreciation on your property, and we can help you there. Also property investors should consider that if they've bought a property that's been renovated, you can claim the renovation costs even if you didn't do the work. The third thing I reckon property investors should consider that if they do need to help their cash flow, you can actually claim the depreciation expenses weekly rather than having to wait all the way until the end of the year and then claim them in one lump sum. So you just need to vary your taxation. But speak to your accountant about that.

Listen to other instalments of The Smart Property Investment Show:
Episode 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BATEMANS BAY 47.67%
2.
MILSONS POINT 46.49%
3.
PAMBULA 42%
4.
BELLA VISTA 39.83%
5.
SPEERS POINT 39.69%