Introduction
Investments should always be selected on the basis of the returns generated and how well the investment will help you meet your individual goals. However, property investors can tap into some very useful tax benefits – and its these tax breaks that often make property investment profitable. These include the ability to claim a tax deduction for many of the costs of owning a rental property; the tax savings of negative gearing; and the availability of capital gains tax discounts.
It’s important to remember that you should also seek professional advice from an accredited tax specialist that takes your personal financial circumstances into account. Let’s take a closer look at how each of these tax benefits can work for investors.