The calendar year of 2023 might have just over six months to go ; however , the financial year is essentially coming to an end .

This means that tax time is just around the corner , and individuals and businesses are heading to their tax agents to lodge their income taxes for the 22 / 23 financial year .

While most Australians are hit hard by controversial taxes imposed by the government , property investors , on the other hand , reap the benefits of their investments come tax time . There are over 2 million property investors that own a rental property in Australia , with 71 % of investors holding at least one property , 18 % owning two , and 9.7 % owning three to five investment properties .

This means that over 8 % of the Australian population is able to classify themselves as property investors and benefit from the tax incentives currently available to them .

SMSF property investors , in particular , enjoy considerable

tax benefits such as only having to pay 15 % income tax on SMSF properties , while non-SMSF properties can pay close to 45 %.

Investment properties owned within an SMSF also enjoy the benefit of having to pay only 10 % Capital Gains Tax for properties held for more than 12 months . Interest accumulated for money borrowed from a lender to purchase an SMSF property is also tax deductible .

Once an SMSF property investor retires and the fund begins to pay out their pension , any rental income or capital gains are 100 % tax-free .

SMSF property investors looking to take advantage of these tax benefits are currently limited to low-yield rental properties , which makes these tax advantages virtually redundant .

The types of SMSF properties that can currently be invested in include established builds ,

townhouses , and apartments .

For investors looking to grow their SMSF property investment portfolio beyond the aforementioned property types , the solution is now available : SMSF property investment with One Contract Property !

With One Contract Property , SMSF investors can now invest in brand new houses and land builds , anywhere in Australia and benefit further from the incredible tax benefits given to SMSF investors .

We allow investors to invest in the following property types : houses , NDIS , dual living , duplexes , co-living , and DHA houses ( coming soon ).

If you want to join property investors of Australia that currently claim over $ 40 billion in deductions every year , get in touch with our team today .

Good luck this tax season , and happy property investing !