How to Prepare for EOFY as a Property Investor

Quick Answer

Preparing for EOFY as a property investor involves organising all relevant financial documents, ensuring depreciation schedules are up-to-date, and reviewing rental income and expenses. It's crucial to be aware of changes in tax legislation, such as the 2017 budget changes affecting depreciation claims on second-hand properties. Consulting with a Chartered Quantity Surveyor and your accountant can ensure you maximise deductions and avoid costly mistakes.