The types of borrowing expenses you can claim as income tax deductions for taking out a loan to purchase a rental property.
What can you claim?
You can claim all of the following:
stamp duty charged on the mortgage
loan establishment fees
title search fees charged by your lender
costs for preparing and filing mortgage documents
mortgage [...]
Due to the economic downturn and reduced superannuation account balances, the Treasurer, Wayne Swan, and the Minister for Superannuation and Corporate Law, Senator Nick Sherry, announced relief from minimum account-based pension draw down requirements.
“This will occur through a 50 per cent reduction in the minimum payment amount for 2008–09,’ Minister Sherry said.
This is a temporary [...]
In the 2008 Budget, the Australian Government announced it’s “education revolution” policy to encourage maths and science graduates to take up employment in rural and regional areas, Indigenous Australian communities and areas of high sociao-economic disadvantage.
Eligible applicants need to lodge an application for each income year they apply, and if successful, you could receive up [...]
In the 2008 Budget, the Australian Government announced it’s “education revolution” policy to encourage maths and science graduates to take up employment in rural and regional areas, Indigenous Australian communities and areas of high sociao-economic disadvantage.
Eligible applicants need to lodge an application for each income year they apply, and if successful, you could receive up [...]
In previous posts we announced the launch by the Australian Government of the National Rental Affordability Scheme (NRAS) to stimulate the supply of up to 50,000 new affordable rental dwellings.
NRAS will help to create a new class of asset in the Australian investment property market – one that attracts significant support from the Australian Government [...]
Thank you for your enquiry in relation to finance and your borrowing capacity.
My Tax Zone’s lending service has access to a broad range of loan products from all the major banks and financial institutions in Australia.
Our supportive team has the GENUINE expertise, accreditation and experience in taxation, investment property services and finance [...]
Apart from the fact that we like to feel needed, here’s 7 quick reasons why:
You have an investment property and need a Depreciation Schedule in order to maximise your investment and pay less tax.
Your Finance Company needs a Feasibility Report to justify and secure finance for your project. They may also require [...]
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New to Property?
Single Property Owner?
Seasioned Property Investor?
“Property buyers . . . on your mark, get set, go.”
This was the headline on March 23, 2009 on news.com.au.
Housing has not been so affodable in Australia for some time. The combination of reduced house prices, rising rents, low interest rates and the First Home Owners grant is [...]
For more information ==> NRAS – New Class of Property Investment
Under the new National Rental Affordability Scheme (NRAS) announced in March 2008, the Australian Government will provide $622.6 million over four years for the provision of 50,000 affordable rental properties across Australia for low and middle income earners.The government’s financial incentive will be delivered in [...]
Being a My Tax Zone client means you’ve already experienced the benefits of our friendly, effecient and professional tax, accountancy and related services.
I am pleased to be able to tell you we are now able to offer even more!
Due to recent growth in our business, we are extending our service offering to include an [...]
