Rental Property Deductions - Know What to Claim

Over 1.5 millon people claimed more than $24 bilion in rental deductions in their 2007 tax returns, with almost 170000 people claiming rental deductions for the first time.

It is no wonder the ATO will contimue its focus on rental property deductions, including writing to first time property investors about the do's and don'ts of claiming rental property deductions.

To help clients keep on top of their taxation obligations in relation to investment properties and to make sure they claim ALL ENTITLEMENTS to deductions, My Tax Zone has provided this FREE summary list of allowable rental property deductions:

Link to FREE summary (pdf file) ==> Taxation & Investment Properties Explained

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Who is behind My Tax Zone:

My name is David Maynard and I’m an accountant. As a registered tax agent I am fully licensed to offer taxation advice. Combined with over thirty years experience and online delivery capability, what that brings to our subscribers and readers is a powerful package of applications to help them save tax.

My online resources include Tax Blog, My Tax Zone web page and our online tax return web app Eztax. Back in 2005 I recognised the growth and impact of online tax resources. Since then my life and my business have changed as I have devoted a lot of time and effort in building my online presence with good quality and timely tax information and a great web tax app.

We would love to help you keep your tax returns up-to-date and on time. Have a look and try it out and join the many users enjoying our Tax App.

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Recommended reading:

Dreamt of purchasing an investment property but just don't understand tax implications and benefits? You're not alone.

Investment properties can have complex tax implications. Written from 30 years experience as an accountant and experienced property investor, this eBook is written so that you FULLY understand tax implications and sets out simple tax strategies to save tax.

Tax implications can have a considerable impact on investment returns and outcomes. Whether you are a beginner or a seasoned property investor you can benefit from knowing the rules in my Tax & Property Explained eBook. I'd love to help you get the best tax outcomes for your investment property.

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