June is upon us and tax time is around the corner. It is important to check and make sure you are claiming maximum deductions for your rental property. Make sure you are claiming every possible cent of depreciation allowances. Remember to advise your tax agent if you have made any improvements to your rental proeprty. Your are able to claim design and professional fees, council fees, demoliture costs , site clearing and landscaping to name a few. A deprecial schedule for your rental property could save you substantial money.

By now you will have received your new land valuation. With such a major change in the method used by the Department of Enviroment and Resource Management fro unimproved values to site valuations, we have seen increases from 170% to 440%. This will make it difficlut for Local Governments to set their general rates without incurring massive increases.