7 Tax Deductions To Pay $7,000 Less Tax
There are many different tax deductions that become available when you invest in rental property. Let's take a closer look at each, and the value they can bring to your bottom line.
There are many different tax deductions that become available when you invest in rental property. Let’s take a closer look at each of them and the value they can bring to your tax return.
1. Interest
You can claim interest charged for loans as a tax deduction when the accounts in question are used for investment purposes. According to the Australian Taxation Office, this could include interest accrued through a mortgage on an invest…