Hi, We are young property investors (24 and 25 years old) and we are preparing ourselves for our 2004 tax returns. We need to get some serious advise on maximising our tax returns. We are also on the look out for an accountant who specialises in invest property tax but we dont want to spend our life savings on the accountant (if you know what I mean!) We are also looking to get some general info on our investments as we want to purchase a residential property next year. We are trying to decide whether to rent and keep our investments or sell one and buy our residential home. Are we still able to get first hom owners grant – we have not used it for our investment properties.
thanks everyone… Daniela
[email protected]Your question is too general. You may need to see an accountant in the first instance and tell him/her what you want to do.
Daniela,
When did you first purchase your IP’s?
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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