Investment properties can be a great way to qualify for major tax breaks. But there’s a caveat to this: timing is everything.
The end of the financial year is the best time to take a look at your finances and make solid plans for the future. If you’re disappointed by the amount of tax you’ve just had to pay, investing could be a great option. Thanks to government incentives and tax break schemes, if you had earned $90K and invested in a $470,000 property through Calla Property, you would have net an annual cash gain of $705 for the year. In other words, the government would be giving you $705 to invest in the property!
INVESTORS LOSE $800M !!!
Bad news right?
Well actually the changes aren’t very ‘changed’, more slight modifications.
There are two main areas that will be affected, Negative Gearing and Depreciation.