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Everything property owners need to know at tax time

Whether you’re an investor or owner-occupier, make sure you’re making the most of tax deductions

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Tax season can be a harrowing time of year. Gathering receipts, adding up expenses and making time to sit down with your accountant can be time-consuming and stressful.

No matter your financial situation, though, most people have the same goal at tax time: minimise the amount they owe while maximising their refund. If you own a property, there are specific deductions you can use to achieve this. To do this, though, you need to be armed with the right information. Check out our guide to tax for property investors.

Need expert advice for your taxes?

Property ownership can make tax preparation a complex task. Fill in the form below to hear back from an expert who can make sure you maximise your tax return.

Changes that could impact you

Negative gearing and the capital gains tax (CGT) concession are tax strategies used by many property investors, but the rules around these concessions could be changing. Find out how potential changes could impact you.

Do you have general tax questions? Check out our income tax calculator

Learn more about taxes and property

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Home Loan Offers

Important Information*
Logo for UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate(*now 2.59%, drops to 2.49% on 17 Jul)
UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate(*now 2.59%, drops to 2.49% on 17 Jul)

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

Logo for HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.

Logo for ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)

Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.

Logo for Virgin Money Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)
Virgin Money Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)

Buy your home and lock in a low rate for the first two years. Get a $2,500 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 August and settle by 30 October 2020.

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