Rental / Investment Properties – Additional $80 per property
As an investor, you may have specific property accounting and tax needs, therefore should work closely with a property investment expert. We also work closely with our clients who aspire to grow through investing in property and/or shares.
If you have a rental investment property or are thinking of acquiring one, General Taxation Service can definitely assist you.
Thinking of buying?
If you are making a decision about whether an investment property is for you we can discuss and advise on all taxation aspects of this decision. For example we can advise on:
Negative gearing, turning your interest expenses into a tax benefit
How to structure the investment to maximise benefits in your family
Reducing the amount of tax you pay weekly to help with mortgage repayments and other expenses.
When you inform us about your circumstances, we are then able to put in place tax effective plan and tax structures to help you successfully protect and grow your wealth.
Already have an investment property?
If you have an existing investment property we can advise you on all taxation aspects of your investment. We will ensure all deductions you are entitled to will be claimed. These may include: Interest expenses, Rates, Body corporate fees, Travel expenses, Water charges, Repairs and maintenance costs, Capital allowances, and Depreciation of fixtures and fittings.
We work closely with property advocates who have the ability to source suitable properties, mortgage brokers who will obtain the most competitive loans and solicitors who will assist with contracts, will and settlements.
Tax Checklist
Owning a rental property can provide significant tax benefits. To ensure you’re receiving the full benefit in your tax return, General Taxation Services has prepared this checklist of information required when submitting your tax records relating to the property, as well as additional documents necessary if you have purchased or sold a rental property in the current year.
While our checklist is generally relevant to most rental property owners and has been developed to ensure claims are maximised, you should seek advice specific to your own circumstances to ensure that your taxation obligations are correctly met.
2022 Rental Property Tax Checklist
Author: Graham Robinson Google
