TickTax Australia

Many people invest in property – many people want to start. How and when is the best time to do it?

Buying and selling property can be complicated and stressful.  Consider these questions: 

• Did you know that it makes a difference to your depreciation allowance if you purchase a property built before September 1987?
• As a first home buyer, how do you get your deposit together?
• How do you start when looking to buy your first investment property, and what should you be looking for?
• Unsure of what is the best time to sell to maximise your tax advantages?

We can advise what factors you should look for when buying an investment property – and what to avoid.

We always invite our clients to send us their property short list. We then assess each of the properties from a tax and investment perspective, and provide a recommendation as to which property is a better buy tax wise.

It helps to have an expert review the tax implications of all your property transactions – before you close the deal.

Once you have purchased your rental property, you may be entitled to caim tax deductions for depreciation for the building and contents.  To maximise the deduction we recommend clients obtain a quantity surveyor report. We have personally used TSL Project Services www.tslprojectservices.com.au so we will give them a plug here. See their free report "7 Vital Facts about Depreciation". If you do contact Tracey, let her know that you are one of our clients.