From an investment property's purchase to the sale: what you can claim and when
From before settlement to after the sale, here is a guide to navigating those treacherous investment property taxation waters.
Tax expert Matt Heron leads property investors through a chronological guide to minimising the tax implications of owning an investment property. (Image source: Redhatz69/Shutterstock.com and SMATS Group)
Buying an investment property is exciting, but the time between signing the contract and your first tenant can be confusing for tax purposes.
Some costs are deductible straight away; others are added to your cost base for capital gains tax (CGT)
and some can only be claimed through depreciation over time.The same applies at the end of ownership when preparing a property for sale. Knowing the difference helps you save tax now and maximise your …
