The Right TAXATION Strategy

Wholistic Financial Solutions can help you with

The Right Tax Advice

For all your property investment needs


We also keep your tax situation in mind and ensure that the loan is structured correctly for tax minimization. We are CPA and NTAA Public Practicing Accountants, Licensed Tax Agents,  Master Degree qualified specialists in Taxation Law, with over 30 years experience in Taxation law and Property Development and Investment. (hyperlink to our profiles)

It is crucial to get the tax strategy right from the beginning.  The wrong choices during the crucial purchase period can result in losing 10’s of $1000’s in tax benefits forgone.  It is also very costly to change the structure further down the track.

Issues that you need to consider before you invest in property are;

  1. What structure to use to maximize tax benefits – individual, company, trust, Self Managed Superannuation Fund.
  2. What are the income tax, negative gearing, Capital Gains Tax and Land tax issues related to each structure – choosing the wrong structure can seriously increase your tax liabilities.
  3. Whose name to buy in to maximize tax benefits – most people think that they should buy in the higher income earners name and this may be correct but this can exacerbate Capital Gains Tax and land tax.
  4. Tax deductibility of pre-purchase and ongoing costs – can you claim the travel expenses to travel around the world (or Australia) looking for property? – perhaps
  5. How to maximize tax deductions – how are you going to record all your expenses? Should you get a depreciation report? What about travel expenses for interstate properties?
  6. Can you renovate before a tenant moves in and claim these expenses?
  7. Structuring finance so as to maximize tax benefits – this is a very important step that many people get wrong
  8. Is there any way of legally extracting the equity from your home and using it to buy your next home in a tax effective manner? – perhaps.

COME AND CHAT ABOUT ALL OF THIS BEFORE YOU PROCEED.

What Australian property investors need to know:
http://ato.gov.au/individuals/content.asp?doc=/content/62426.htm

Claiming repairs and maintenance expenses on your rental property:
http://ato.gov.au/individuals/content.asp?doc=/content/00183233.htm

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