Conversations with a Pug – What records do I need to keep for my investment?
Come tax time, many of my clients come to me without records of the expenses associated with their investment.
This is a rookie mistake.
To ensure you claim everything you are entitled to, it is essential to collect physical and digital receipts in one place. This will make it easier to send to your accountant and process at the end of the financial year.
The ATO requires you to declare the rent you earn from your investment property each year so declare everything!
If you want more information about what you should show the tax department, reach out and let’s talk.
My Very Best To You Always,