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Tax time is coming-
If you are a investor it is worth securing the services of a specialist tax agent who actually owns investment property and knows the tax law in relation to it.
At tax time it is important to make sure that you get the best tax advantages possible. This includes getting a depreciation schedule done by a quantity surveyor.
A good tax agent will legitimately claim maximum tax advantages for you. It is possible for a property investor to get all their tax back just by owning a couple of highly depreciable properties.
Not all accountants and tax agents are the same, I have even had some of them try and talk me out of property investment in the past.
You are pouring money down the sink if you do not have a good accountant because they can save you a lot of money when it comes to tax time.
If you are located in Sydney I recommend the services of Strategic Wealth Management.
Another great property specialist with offices in Sydney is Chan & Naylor.
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