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Making Your Principal Place of Residence an Investment

By AOXEN on 30 May 2013 1 Comment

Turning a principal place of residence (PPR) into an income producing property has an impact on the owner's tax situation. Investment property expenses such as interest costs, rates, and management fees become tax deductible ...

Claiming Property Deduction

As tax time approaches, property owners should make sure they understand which deductions they are entitled to claim - and which they are not. Owners of income-producing properties can claim depreciation deductions related to the building's structure via the capital works allowance. As a general rule, homes built after ...

Claiming Tax Deductions

It is so important for property investors to claim all the relevant deductions available to them, especially with tax time just around the corner. Unfortunately, depreciation is the most commonly missed deduction because it is a non-cash deduction. The ATO allows property investors to claim a deduction back at tax time to compensate for the property getting older ...

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