Tax tips - building new for investment
When thinking about investing in real estate, your first thought probably isn’t an empty block of land, but there are certainly advantages with building an investment property rather than buying an established one.
Investing in a new house can unlock a range of significant tax deductions. Photo: Shuang Li - Shutterstock (Image source: Shutterstock.com)
When thinking about investing in real estate, your first thought probably isn’t an empty block of land, but there are certainly advantages with building an investment property rather than buying an established one.
Not only can you build the property to be fit-for-purpose, there are long-term financial benefits that can boost your cash flow.
You can claim depreciation on all capital works and plant and equipment
Depreciation is the natural …
