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Tax-smart tips for your investment property journey

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Getting record keeping right makes tax time easy. Whether you use a tax agent to prepare your tax return or do it yourself, you need to keep proper records over the period you own the property. Keep the right records for each stage of your journey to ensure you’re able to claim everything you’re entitled to.

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Buying

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  • Contract of purchase
  • Conveyancing documents
  • Loan documents
  • Costs to buy the property
  • Borrowing expenses
  • Title Deed

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Owning

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  • Proof of earned rental income
  • All your expenses
  • Periods of private use by you or your friends
  • Periods the property is used as your main residence
  • Loan documents if you refinance your property
  • Efforts to rent the property out

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Selling

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  • Contract of sale
  • Conveyancing documents
  • Capital improvements
  • Sale of property fees
  • Calculation of capital gain/loss

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