Getting your loan structure right is crucial to making the most out of your assets.
With the right property, negative gearing can be attractive to investors because it offers tax relief and financial gains in the long term.
But what exactly can you claim on tax?
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Borrowing expenses such as legal costs, stamp duty and mortgage insurance
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Interest and bank fees you pay on your loan
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Real Estate Agent fees
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Rates and body corporate costs
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Home and contents insurance
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Cleaners, pest control services and gardening/landscaping costs
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Costs to secure, terminate and evict tenants
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Any decline in your property’s value
If you have any questions about what you can claim on tax, reach out and let’s talk.
My Very Best To You Always,
