Victorian government attempts to hijack property boom with new taxes
Ahead of this week’s state budget, the Victorian government has flagged several new tax measures targeting property in...
Tyron Hyde - Washington Brown
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.