Click on any one of the following topics for simple explanations. For further information, contact L J Gilland Real Estate today.
Property Investment offers the following:
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Great Security. |
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High performance. |
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Substantial tax advantages. |
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Protection from inflation. |
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Easy Access to your capital gains. |
Why invest in Queensland?
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Queensland has the fastest growing population. |
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Queensland has a very strong economy. |
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Queensland offers lower taxes than other states. |
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Queensland has the highest job growth rate of any state. |
The legitimate way to legally reduce your tax bill.
Any cost or expenses associated with your investment properties are tax deductible. These deductions include:
Borrowing Costs:
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Bank application fees. |
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Government commissions (stamp duty) |
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Legal fees associated with the loan. |
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Valuation charges. |
Out Of Pocket Expenses:
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Any vehicle expenses. |
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Telephone costs. |
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Bookkeeping costs. |
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Agents commission. |
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Mortgage interest repayments. |
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You can depreciate the structure of a new building at a rate of 2.5% per annum over the first 40 years of ownership. |
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You can pool low cost plant and items into pools of $1000 and depreciate over 4 years (ie. 18% 1st year, 35% 2nd year, etc.). |
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You can claim depreciation on fixtures and fittings, such as curtains, carpets and electrical fittings, to name a few. |
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You may be able to claim a part of the cost of your computer and/or home office. |
What happens when you make a sensible Investment in property?
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You enhance your lifestyle. |
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You provide yourself with a financially secure retirement. |
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Your cash reserves are increased. |
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And of course you have reduced your income tax bill. |
What does your 'Application for Variation of Tax Instalments' do?
Most people settle their tax bill on an annual basis. To avoid this and therefore improve your cash flow and help build your assets faster, section 221D of the Tax Act allows investors to vary their tax instalments. The 221D Form lets you receive your tax refund weekly or fortnightly. This increased weekly (or fortnightly) cash flow can be put to work for you and your investment.
Landlords Insurance - Who pays the rent if the tenant won't?
For approximately $200 per annum, you can be covered for:
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Premises left unrentable. |
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Legal liability. |
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Prevention of access. |
For more details, contact LJ Gilland Real Estate.
How can I retire in seven years?
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Never, never sell! |
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Upon retirement progressively live off the increased value of the first investment, the second, then the third, etc... See how this in more detail by contacting LJ Gilland Real Estate. |
Investing in property is serious business. As a member of the Investors Group Australia, L J Gilland Real Estate would be more than happy to place you in contact with a number of the IGA Investors Workshops.
