Which property Education Mentoring Consulting fees are deductible

With the property market on fire as reflected by the auction results or more to the point the preauction offers, one starts to question firstly what is driving all the interest? There is no question consistently low interest rates over a period is a major contributor to rising values allowing investors to borrow more and still get a reasonable rental return. Another reason is more confidence as the new government assures us of no major changes soon .. all reflected by a rise on the stock market.

On the grapevine I understand that there is a huge pipeline of development of multilevel residential units and other construction. Much of it driven by Chinese interests. Chinese interest in the local market is strong enough to worry local Chinese as they are priced out of the market, along with other locals and first home buyers. It explains the higher dollar.

Best wishes to those of you who are selling into this hot market to exit on a high.

As I am always asked about whether or not fees for attending property seminars, education events and consulting are tax deductible, I decided o summarise the basics … see below

For help with decisions on property investments or just tax returns or to discuss further, Contact Shukri.