16 Aug Did you know that you can use your tax dollars to buy an investment property?
If you are currently earning $90,000 a year, you are paying around 34% income tax. Wouldn’t you like to put a portion of that towards an investment that will help grow your wealth and secure your future?
The Australian Government incentivizes property investors with some fantastic tax benefits when you build a new investment property. You can reduce your income tax by building new, all while you set yourself up for retirement and grow your assets.
In fact, the potential tax savings are one of the main reasons that here at Property Asset Planning, we exclusively deal with new developments. Investing in new properties ensures that our clients have the opportunity to take advantage of the maximum benefits from government incentives.
How? When you build new, you are maximizing depreciation on all materials used in building your property. When you fill out a PAYG tax variation form, you can ensure that your employer puts those tax savings right back into your pocket each payday – and you can use that money to help pay for your investment!
Tax aside, investing in new properties has additional benefits for the savvy investor – new developments are more attractive to renters, require less maintenance and repairs (and less headaches all around), than established properties. Property Asset Planning takes the guesswork out of finding a good investment for you – we can exclusively source new developments in up-and-coming areas that are popular with renters, and yield the highest benefit to cost ratio for you.
If you are interested in learning more about lowering your tax and investing in a new property, contact us using the form, or give us a call on 08 8338 7206, to book your no-obligation, free one-on-one chat with our Managing Director, Brian Chant.