Over the years, we have been asked about claiming some pretty dubious costs as tax deductions for real estate agents and real estate businesses. Many things are deductible when discussed over the BBQ, but in reality some are just myths.
We love working with the real estate industry and seeing businesses and individuals get great results. As they say, the best thing about paying tax, is that it means you are making money. Nevertheless, no one likes to pay a dollar more tax than they have to.
To help, we have summarised the top [and legit] tactics for real estate businesses and the people behind them.