LJ Hooker

A Seasoned Property Investor’s Guide to Maximise Returns p. 9 Purchase costs This is only relevant for the tax year in which you purchased the property, and you can deduct: • Stamp duty • Mortgage registration and transfer • Building and pest inspections • Solicitor and conveyancer fees. Home loan costs A bonus about being an investor is you can deduct a number of home loan expenses such as: • Home loan interest • Home loan fees • Lenders Mortgage Insurance Your lender can provide you with a summary of these expenses, or they can be found in your end of year financial statement. Maintenance costs As a landlord, you are legally obliged to ensure your rental property is in good condition. However, the good news is that the costs associated with ensuring the property is maintained are tax deductible. 01