Tax Planning for Property Investors: Preparing for the End of Financial Year
Although the end of the financial year is still approaching, this is an ideal time for property investors to begin reviewing their tax position before 30 June.
One commonly overlooked opportunity is tax depreciation.
A professionally prepared depreciation schedule allows investors to claim deductions for the wear and tear of a property’s structure and fixtures. Items such as flooring, appliances, air-conditioning systems and cabinetry may all be eligible.
These deductions can significantly improve after-tax returns and in many cases apply to both new and established properties.
Through our professional network, Limnios clients are able to access preferential pricing for tax depreciation reports, ensuring investors can obtain these schedules cost-effectively while maximising the deductions available to them.
If you would like to review whether your property may benefit from a depreciation schedule before the end of financial year, our team would be happy to connect you with the appropriate specialists.
