News

Maximise Your Tax Returns

Do you own an investment property?

Get organised in the next few weeks and you’ll maximise your investment returns. Book in any minor works or repairs you’ve been putting off, and claim the expenses this financial year. Make sure you include a fire alarm inspection on your list.

Gather statements from your property manager and receipts for repairs, building work, insurance, body corporate levies, rates and water from throughout the year.

Organise a depreciation schedule if you don’t already have one. As a building gets older and items wear out – they depreciate. The Australian Taxation Office (ATO) allows property investors to claim depreciation as a tax deduction.

For years to come depreciation will be something you can claim for without spending money.

Read more…

Up to Date

Latest News

  • The Ray White Story

    The Ray White Group is a family owned business now in its fourth generation. Started from humble beginnings by Ray White, today it continues to expand strongly. Here is our story Generation 1 Commencing in a small Queensland country town in 1902, Ray White relocates to Brisbane building a strong … Read more

    Read Full Post

  • Maccas Market Update – 16th June

    As always, buyer sentiment is heavily influenced by the combination of local area market conditions and the overall macroeconomic environment. Last week, interest rates remained top of mind after the European Central Bank’s radical decision to push the official cash rate into negative territory. The Sydney Morning Herald reported the … Read more

    Read Full Post