This article is from the Australian Property Journal archive
IN recent years there has been much debate about the pros and cons of negative gearing in the property industry and what impact removing it from the investment horizon would make.
We get a call every day from clients about this and clearly it is an issue that will affect the investment activity of some investors in the property market.
Whilst recent announcements from politicians on both sides of politics have highlighted that negative gearing is in the cross hairs, it remains to be seen what might actually happen going forward.
We can however be sure (at this stage) that there are no moves afoot to make any changes to claiming property tax depreciation deductions on your investment property, so you can still enjoy these substantial benefits that will significantly enhance your investment cash flow and after tax return going forward.
If you need any more information regarding deductions available, or if you are not claiming any property depreciation on your investments (more than 40% of investors don’t) then get it while you can, and be sure to use a tax registered quantity surveyor. Even if you haven’t claimed to date, your deductions claim can be backdated for previous years, with approval from your accountant.
Napier & Blakeley are tax registered quantity surveyors and we are in our 30th year of business assisting clients maximise their after tax return on investment.
If you have any question please contact us:
BRISBANE
Paul Mazoletti
07 3221 8255
0408 749 202
pmazoletti@napierblakely.com
MELBOURNE
John Mathew
03 9915 6300
0417 736 402
jmathew@napierblakeley.com
SYDNEY
Peter Osborn
02 9299 1899
0439 765 571
posborn@napierblakeley.com
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