The Australian Taxation Office (ATO) recently performed a review of individual tax returns and found that an astounding 90 per cent of investment property owners were making mistakes in their tax return. The most common errors were around loan interest, borrowing expenses, repairs and improvements.
If you’re a property investor, here are some tips from our business partners at BMT Tax Depreciation for the new financial year that could help you avoid mistakes and save you thousands next tax time.
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