EP:14 MUST-KNOW Tax Tips for Property Investors

Alright alright, it's almost tax time!!! To make sure you and your properties are in the best shape possible I sat down with Joe Hart and Luke Moylan from Obsidian Advisory to run through all the must know tax tips for property investors

In this episode you'll get answers to all of the following questions and MORE:
- Can you claim on your PPR?
- What property investors need to give to their accountants at tax time
- When can you claim depreciation on a property
- Classification between renovations and maintenance (Repairs vs Improvements)
- How to claim depreciation (improvements) vs maintenance (repairs)
- When is the right time to do renovations on your investment property
- Can you claim travel to investment properties?
- Can you claim travel for repairs on investment properties (To get supplies and materials)
- 1 crucial thing you must do every year if you own property in a Self Managed Super Fund (SMSF)
- 1 crucial thing you must do if you own commercial property

If you're looking for a great accountant to look after you and your business, I'd recommend reaching out to Joe and Luke at Obsidian Advisory to have a chat.
 https://obsidianadvisory.com.au/ or 02 8330 6793

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Disclaimer: The topics, conversation, opinions and discussion provided in this episode  are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.