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Parkes Phoenix

End Of Financial Year For Landlords

June 26, 2020 By Maggi Barnard

With the end of the financial year just around the corner, now is a great time to evaluate if there are any minor repairs or maintenance needed at your investment property.

This may include tasks that you have been putting off that may need doing annually. Some of these tasks include general repairs, painting, pest treatments, gutter cleaning, or annual yard maintenance.

These are things that landlords may be able to claim on tax and will also be beneficial for maintaining your property and ensuring its value in the long run.

Are you claiming depreciation on your investment property? If not, now may also be a good time to have an assessment done from a tax depreciation specialist. Depreciation is the natural wear and tear of a building and its assets over time. The Australian Tax Office allows owners of income producing properties to claim this depreciation as a tax deduction. Century 21 Central West can arrange this service on your behalf.

At Century 21 Central West, we suggest these tasks to landlords throughout the year, usually after a routine inspection of an investment property has been done. For landlords who wish to have an assessment from a tax deduction specialist, it is as simple as letting Century 21 Central West know when, so that Tara Kelly and her team can do all of the hard work for you!

If you would like to find out more on how we can manage your investment property to its full potential, please contact the Century 21 Central West team today – 02 6852 3793 or Tara Kelly 0418 465 407.

 

Filed Under: Articles, General Interest

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