Knowing what expenses to claim on your investment property at the end of financial year can be confusing for many landlords and investors. Below is a general guide you can use to check and discuss with your accountants and advisers.
If you moved out of your home this year and continue to hold it as a rental, it’s no longer your Principal Place of Residence (PPOR) and you are eligible to start claiming all the deductions an investment property entitles you to.
As a property investor are you expecting a tax refund due to a negatively geared investment property? Did you know you can access that refund in advance, or in real time during the financial year to improve your cash flow each month?
Depreciation of pre-purchase additions and improvements