Tax Deductions Have Changed Significantly In The Budget
Property investment travel expenses are out! Whether for purposes of inspection or maintenance you can no longer claim property investment travel expenses as a deduction. This makes your property manager even more important.
Travel expenses for investors no longer deductible – Mortgage Business
Individual investors with residential investment properties will no longer be able to deduct travel expenses, including travel costs associated with inspecting and maintaining properties, the government has confirmed.
However, Ms O’Dwyer emphasises that the change in law will not prevent investors from claiming a deduction for the expense of engaging third parties, such as real estate agents, to provide property management services for investment properties. mortgagebusiness.com.au
Property Investment Travel Expenses Don’t Need To Make Investment Property More Expensive For You
MAcH 10 properties are managed by registered housing providers. That is a big difference compared to your local real estate agent. Look at Compass Housing Services for instance 30 years of experience;
With 30 years’ experience in the provision of secure and affordable housing for low to moderate income households and the delivery of innovative housing products for disadvantaged people.
Compass provides a diverse range of housing programs within our communities which provide assistance to people who may have difficulties obtaining or maintaining housing in the public and private market due to their support needs. compasshousing.org
Registered Housing Providers are more than property managers, they are tenant managers.
Their background in social housing programmes has given them a massive amount of experience in dealing with tenants in hardship. Believe me, as a property investor, when you need that expertise you really need it!
Compass’ portfolio includes General Community Housing, Supported Accommodation, Aboriginal Housing, Homelessness programs, Affordable Housing under the National Rental Affordability Scheme Affordable Housing under the Building Better Cities Program and Fee for Service under our Market Rental Program.
Compass currently manages over 4,400 properties across regional New South Wales and Queensland. compasshousing.org
Guaranteed Rental Income
The beauty of a MAcH 10 long term leased property is that you get your rental income no matter what. Come rain hail or shine your head tenant is a billion dollar organisation backed by the government.
To learn how to sleep soundly with a MAcH 10 long term leased investment property complete the form below and we will be in contact.