Checklist for Property Tax Deductions

Some of the more common expenses that a property investor can claim are:

  • Interest on the loan or mortgage finance.
  • Real Estate Agents or Realtor's fees.
  • Repairs and maintenance on the property.
  • Depreciation of the property and its contents.
  • Cost of setting up the loans.
  • Any insurance.
  • Water rates.
  • Insurance on the loan.
  • Letting fees.
  • Travel expenses.
  • Any accountancy fees involved.
  • Any telephone, stationery, postage etc.
  • Any other costs directly related to generating income from the investment property

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