Time is running out. If you’re on a hunt for clever ways to boost your tax deduction savings before the end of the financial year, you may want to take advantage of this easy technique. It’s fast, cheap and there’s an added kick: it helps you become a savvy investor too.
The end of the financial year is fast approaching, thick with talk of tax returns. Knowing what expenses can be claimed can make a big difference to what refunds you get, so keeping an eye out for which receipts and statements will get you a rebate is a smart thing for any investor to do.
Property investors will be glad to hear that in this regard, a subscription to Your Investment Property magazine is fully tax-deductable. As a self-education expense, it can help increase your income, and is hence something property investors can claim on.
And as education goes, you don’t get better. Featuring in-depth articles on how to climb the Australian property ladder, Your Investment Property is an indispensable tool for Australians who are thinking seriously about property investing.
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