SINCE 1997

Latest Australasian Taxation Services News

Multiple properties need not translate into tax torture

Owning multiple properties need not necessitate a major burden at tax time, and nor should taxation be viewed as a deterrent to accumulating a sizeable real estate portfolio.

Australian tax form with banknotes and wooden letters spelling 'tax'.
The Australian Taxation Office says about 70 per cent of Australians do not claim all their allowable tax deductions.

Owning multiple investment properties is the ideal way to build wealth as very few people will generate enough through one property to fund the retirement they desire.

One in ten Australians own an investment property but only one in 1,000 own more than four investment properties.

Part of the reason for that is that many people become stuck at the hurdle of the first property and don’t manage to replicate their investment strategy to buy more p…