Investment in residential property has long been a popular way for Australians to build wealth and diversify their assets. The potential tax advantages that can result from a well-managed property investment are one of the main benefits.”
Negative gearing, leveraging, tax deductions and depreciation allowances are some of the major advantages you can expect if you’re looking to invest in the residential property market. While there are many potential tax benefits of property investment, there are also some pitfalls to avoid as a residential investment property owner.
To maximise the tax benefits & generate wealth through property investment, seek independent tax advice from Ausena Accountants before you purchase your next property.