07/09/2026
After helping property investors for more than 15 years, I’ve noticed the same mistake come up over and over again.
One of the biggest myths I hear is, “If I paid for it when I bought the property, I can claim it on tax.”
But that’s not how it works.
Some expenses are deductible straight away, some get added to your cost base and only benefit you when you sell, and others have completely different rules.
The problem isn’t always claiming too little, it’s claiming the right expense in the wrong way. And that’s exactly how investors can end up with unexpected tax bills years later.
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