It’s tax time in Australia, with the Australian Taxation Office (ATO) announcing it will begin processing 2017-18 tax returns on 6 July and expects to start paying refunds from 17 July.
Both owner-occupiers and investors can benefit from tax minimisation strategies at this time of year so it’s important you know where to look.
Comparison site Finder.com.au has provided information about tax deductions landlords should know about and we’ve also got tax advice for home owners, as well as information about the tax implications of investment properties, tips to improve your investments this year and financial advice to get you through your renovation.
Remember this is just general advice and for tax purposes you should engage the services of a professional not only to ensure you’re not missing any deductions you’re eligible for but also to make sure you comply with all tax laws.
Enjoy!
