TCC 8 - The Costly Mistake Landlords Often Make

Landlords always want to maximise their rental property tax deductions and want to claim work done on their properties as repairs because that means a 100% immediate tax deduction. A common mistake that landlords make is incorrectly identifying the type of expense insured when claiming expenses for work done on their rental properties. It's important to understand the difference between repairs & maintenance to the rental property and capital improvements. This episode is about the costly mistake that landlords often make when they claim the work done on their properties.