Patane Accounting can assist you with all your rental accounting and taxation queries.

Make sure you get the right advice before buying a rental property.  Things you should consider include;

  • Ownership
  • Positive versus negative gearing
  • Acquisition costs
  • Borrowing arrangements
  • Special Building Writeoff and Capital Works Deductions
  • Repairs and maintenance versus capital improvements
  • Record keeping
  • Capital Gains Tax implications
  • Principal Residence Exemption
  • Goods and Services Tax (GST)

For more information and to download a copy of the ‘Guide for Rental Property Owners’.

Also, to maximise your available tax claims we encourage clients to make contact with a reputable Quantity Surveyor to have the property assessed and Depreciation and Special Building Write-off claims calculated.

Below is a link sponsored by BMT Tax Depreciation Quantity Surveyors to help you estimate the claim and have also provided a link to obtain a quote.

https://www.bmtqs.com.au/tax-depreciation-calculator?company=patane-accounting

For more information today please contact Patane Accounting.

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