What are the tax implications of real estate investing?
Investors in real estate may benefit from various tax deductions that can reduce taxable income and increase cash flow. Deductions commonly include mortgage interest payments, property taxes, operating expenses related to property management, maintenance, repairs, and depreciation. Tax laws and deductions can vary based on the investor's jurisdiction, property type, and income level. It's advisable for investors to consult with a tax professional or accountant to understand their specific tax obligations and maximise available deductions.