1. Maximising Tax Deductions

    As a general rule the following costs are deductible in relation to your investment property:

    • Council rates – This includes any fees which the Council has charged including garbage fees and general service fees.
    • Water rates – This includes quarterly charges as well as water excess fees.
    • Insurance – For building, contents and landlords insurance.
    • Interest – For both the main loan, which is typically 80% or 90% of the purchase price of the property and the shortfall loan, which is typically borrowed against the equity in your home.
    • Travel – Not for pre-purchase expenses or for travel
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