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What is the true cost of buying that investment property? Don’t buy one until you have crunched the numbers with your accountant. This is the advice of McKinley Plowman director Nigel Plowman who spoke to the Sunday Times Home Magazine about how to calculate the true cost of a property investment. Read here to see some examples of the tax deductible expenses available to those who invest in house and land packages. Nigel shows readers how much capital growth is needed to ensure the investment is viable. Nigel’s message to readers is to make sure you see your accountant before consulting a builder or real estate agent.
Reproduced with the permission of the Sunday Times.
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