Get the Itemized Deductions Checklist

Today I will be talking about property tax deductions and how you can download a free copy of our four-page tax deductions checklist my name is Darrell Sims author speaker property investment specialist and the founder of like a property as an investor it is important to make sure you claim all the tax deductions that you are entitled to it may sound like an obvious statement but we often see property investors missing out on good tax deductions which is a real shame we strive to help our clients maximize their tax deductions to squeeze the maximum returns possible out of their investment properties one lesser known fact is that your investment property expenses can be offset against the rental income regardless of whether your investment property is negative or positively geared some of the expenses which can be claimed for a new purchase our loan establishment fees mortgage broking fees lenders mortgage insurance body corporate fees title search valuation and surveyors fees it is well known that you can claim the bank interest for loans used to purchase investment properties however a lesser known fact is that you can also claim interest for any purchases of depreciating assets for your property such as a new heater or air conditioner some claimable items related to your purchase and maintenance costs are landlords insurance building insurance income protection insurance land tax water rates council rates plus water usage if not paid by the tenant setup fees and ongoing fees for your property manager accountant expenses such as the preparation of the tax return for your investment property components cleaning costs regular maintenance plus one off repairs and maintenance costs incurred for the inspection of your property advertising costs to attract new tenants lawn mowing and gardening these have been just a few of the tax deductible items you can claim to make sure you get the best returns out of your investment property we have compiled a detailed four-page checklist of property tax deductions so download your FREE copy now via the link below thanks for watching and I'll see you inside our next video