Now is the time of the year some people consider paying 12 months of interest upfront to claim the tax deduction in this financial year. If you have sold a property and have a capital gain liability, or have come into some money via a bonus or something, paying the interest upfront and claiming the [...]
Posts Tagged ‘Tax Deduction’
Dec
14th
TOP TEN TIPS – TAX RETURNS ON RENTAL/INVESTMENT PROPERTIES
Here is a list of the 10 most common mistakes that investors make when preparing tax returns for rental properties from a partner at BDO Kendalls.
TIP l: Repair or improvement?
There is a fundamental difference between a repair and an improvement – the former is tax-deductible. but the latter is considered capital and therefore not tax-deductible.
To [...]
