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RENTAL PROPERTY TAX RETURN

The benefits of owing a Rental Property

Rental properties are considered a good investment and much less volatile when compared with shares or other investments. With Rental properties you have potential appreciation of a highly leveraged asset. Rental Income Is money in your pocket and your Tenants will amortise your mortgage for you. There are Tax write-offs available for Income Properties. You are the boss and get to make all your own decisions involving your property.

Depreciation schedule and why it is so important

Depreciation schedule is a document that advises how much depreciation (wear and tear costs) you can claim on your investment property. Depreciation often helps to reduce taxes significantly. If you do not have a depreciation schedule yet, call your local property valuator as soon as possible to request a copy.

How does negative gearing work?

As long as the loan costs are greater than the rental income, then the Australian Taxation Office allows investors to offset the loss against their income. This strategy, known as negative gearing, is often considered more a tax strategy than an investment one as it can lead to bigger tax refunds.

The difference between repairs and improvements

From a taxation point of view, repair costs for fixing an existing air conditioner, for example, may be claimed in full in deductions immediately. While improvements like an installation of an air conditioner, are considered Capital Allowance and may only be claimed in deductions within certain years.

RENTAL PROPERTY TAX RETURN

$165 ea*
  • Rental Property Tax Return Inclusions:
  • PAYG income
  • 1 rental property
  • Up to 1 hour consultation
  • Free Tax Tip
  • BOOK AN APPOINTMENT

*More complex circumstances than normal e.g. motor vehicle deductions, home office expenses, investment income, could result in the price increase. Price will be confirmed at the appointment.

Book Free Initial Tax Consultation

DO NOT WANT TO PAY UPFRONT?

NO WORRIES! WE CAN DEDUCT YOUR FEES FROM YOUR REFUND! 

1300 189 680