Tips to tax savings for property investment

​The investors can save a large amount in which allow to claim any shortage between expenditure and income by the deduction expenses against total income on an investment property. In June 30, tax strategy can approach a care of the property investors.
• Mortgage refinancing: usually earn a couple of one off fees and costs. Consider the investor should plan on mortgage refinancing in order to make a cost deduction before June 30 in the financial year 2014-2015.
• Prepay interest: The investors have sufficient fund on loan can do and request in deduction of current financial year. Upcoming insurance premiums are possible to pre-pay.
• To bring forward maintenance expenditure: The maintenance task will need to complete investment property on before June 30, then the current financial year can minimize the tax bill.
• To get tax depreciation done on schedule: The report of new property tax can enable to save thousands in a year.
• Stay on top of the paperwork: The depreciation of any repairs or fittings as well as other costs has incurred. For example, rental loss, management fees.