Top 10 tax deduction blunders

It’s not always simple and it’s not always the common sense answer.

Keen to find out how you can avoid the most common mistakes?

In the March issue of NZ Property Investor magazine, our journalist speaks to three accountants who specialise in property investment about which mistakes are made most often.

Some of the common mistakes are cutting corners on advice, assuming all interest payments are deductible, and claiming for maintenance when its really improvements.

To read the full list of mistakes and to find out what the experts say, click here to get the digital issue of NZ Property Investor magazine.

However, there is one piece of advice well worth noting upfront.

That is simply that you’ll get the best taxation advice from an accountant who specialises in property tax.

As successful investors will tell you, a strong relationship with a great accountant is always a vital part of any high-performing property investment team.

*Subscribe to NZ Property Investor magazine here to get more great stories like this delivered to your mailbox every month.