Tax Depreciation for Investment Property

In the 2011-2012 financial year, the most recent period Australian Tax Office stats are available for, more than 623,000 Victorians made deduction claims on rental property expenses. The most common were for council rates, 564,890 claims, water charges, 539, 890, insurance, 476, 055, interest on their loans, 474,375, property agent ...

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Rental Income and Taxes

Have you been thinking of acquiring a rental property or renting part of your house for income? This article will go through the basics of renting property. For more information, visit the CRA web site and search for rental income. Rental Income is when you rent property for someone else ...

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Methods to Lower Property Taxes

Owning a home is expensive as property taxes can be extremely burdensome. Annual property tax bills tend to rise steadily over time. Even if you pay off your mortgage, the taxes keep coming. Most homeowners do not realize that they need to pay less and do not understand how their ...

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How to Appeal A Property Tax Assessment

If you believe your home’s assessed value is greater than what you can sell your house for, then it is in your best interest to contest the value. The first thing you have to understand is that property taxes are one of the largest sources of revenue for your municipality, ...

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3 Easy Steps For Grieving Real Estate Taxes

Although various localities have specific mechanisms, nearly every one has a process to appeal or grieve one’s real estate taxes. In most cases, this can either be done by oneself, or you can hire someone else (or some company) to do so, for you. Why would someone grieve his real ...

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How to Use and Apply for a Mortgage Loan

A mortgage loan is a form of raising finance for your personal or business purpose. The peculiarity of a mortgage loan is the security that you need to provide in order to avail the loan. You can simply leverage the property owned by you in order to raise finance for ...

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Obtaining a Loan With a Bad Credit Profile

Most people need to apply for credit from a financial institution at some stage of their lives, whether it is to buy a home, furniture or other necessities. Some people may find it easy to obtain that loan whereas others may have trouble to qualify for credit. Many clients may ...

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Maximizing Tenure on Home Loans

Owning a home isn’t an ordinary fact. In fact, it is a very commendable accomplishment. Owning a home isn’t easy, it takes a lifetime of savings and since most of us don’t have enough cash to wake up and decide to buy a home on any given day, owning a ...

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What to Know About Loans

If someone wants to take a loan and asks for your advice, you probably are more than willing to help, but do you really know what a loan is, what you should know before plunging into the ocean of loans. Now we all know loans are available for the purchase ...

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Government Assistance Programs

There are different programs that are set up by different governments so as to assist its people. This could be in the form of food, welfare, assistance for needy families, medical aid as well as health insurance especially for children. Financial aid and benefits If you are in need of ...

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