Gary Wilkins & Associates provides expert tax advice for all your rental and investment properties. We can explain negative and positive gearing and show you how those investment property purchases will impact your individual tax return.
We can advise you how to lodge a variation with the ATO so you can reduce the amount of tax you pay to your employer for personal income tax to offset negative gearing.
We can also discuss with you what happens when you live in a property which then becomes an investment and how that will impact your financial return. And how to put a property in your name, a partner’s name or a trust fund, along with the benefits of each.
All these situations effect your taxes differently, which is why you need clear advice and guidance from professionals.
Let’s take a look at the tax advantages of having an investment property.