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thanks Paul. I work fulltime for a consulting company so there is a limit to what i can claim unless they are related to work of course. But it seems like reading on the forum, ppl creates a business on the side with an ABN and somehow offset and deduct via their business to reduce tax...

Thanks MIW, i do agree with some of your points. Understandably when one is working hard to make a better life for the family then looking at a massive tax bill which the government meant to utilise it usefully but hasnt. Then one will feel better to have that money in their own pocket...

thanks for the advice Andrew. Yes my current IPs are quite low in LVR. Are you saying that if i re-finance my existing loans to a bigger loan for each of the properties resulting in a higher LVR then i can claim more deduction in tax?

https://massland.infusionsoft.com/app/hostedEmail/11091647/0499e26c4d64ddb0?inf_contact_key=2e6218cb91d3614e02ebed7a82fe9b6cca6fbee82d362c1e56ed2f61bb470fe6 A recently received an email from Mark Rolton massland - Maxima delivers $13,516 worth of tax savings per year! would you consider...

hehehe thanks. Yes, this is good but less money in my pocket to invest.

thanks Paul, Skater, MRO, Terry and all.... great advice guys and gals. i think iam getting the picture a little better now. Expert advice is very important and can save u heaps in the long run

hahhaa great answer =) love it. yes, Scott corrected me before. Iam on $150K so it will be 39% tax bracket. I asked this question because many assumes that the fee of $300 is 100% deductible which is not the case as it comes under your tax bracket. thanks again Paul. looking forward...

yes i was just guessing the round about figure. =P so going back to the example: for the fee of $300 , will i get back 37% of $300 which is $111?

thanks Paul. one thing iam not 100% sure is for example if i approach a tax agent for 1 hour meeting and just say they charge $300. How much percent % of claim of the $300 will get back? My income is $150K so the tax bracket is 49cent per dollar. Will i get 49% back?

TMNT, yes i know , there is always someone better and wealthier than you so where do you stop..... iam happy with what i have but when comparing to others this pushes me to achieve higher and move on to the next challenge.... =)

iam still young (i think) and if you look at the latest property magazine, there are ppl on this forum less than 30 years old achieving way more than i have..... those are the ppl i look up to and continue to work hard..... iam no where near where they are and also to reach to my next...

thanks ellejay. Yes, have organised a meeting with our accountant this saturday and will talk to him about it. yes maybe is time not to work my second job because majority of my pay goes to the tax man anyways.

thanks Terry. that is what iam trying to get at. what is the things i can claim? help anyone?

Gents, I work two jobs and the total income from the two jobs are approx. $150k. I am not looking to reduce my tax to zero but to Find ways to reduce tax since the investment Properties that I have did not help much with Reducing the tax amount. Could you please provide some...

Hello, My accountant recently completed my tax for the last financial year and still i have a massive $30K withheld tax that i cannot deduct or offset from my four investment properties' interests and expenses. Very upsetting to see my $30K goes straight to the tax man. Could any tax...