Real Estate Rescues: Last-Minute Tax Benefits in Property Investments

Claiming depreciation on a property's structure before the financial year closes can result in significant tax savings

Review and optimise home loan interest payments, taking advantage of Section 24(b) to claim deductions and reduce taxable income

Jointly owning a property allows each co-owner to claim individual deductions, spreading the tax burden and maximising savings

Ensure proper documentation and allocation of ownership shares when jointly owning a property to maximise tax benefits

Plan property transactions carefully to utilise exemptions under Section 54 and Section 54F of the Income Tax Act, minimising capital gains tax

Don't miss out on last-minute tax benefits in real estate. Consult with a tax professional to capitalise on strategic planning opportunities