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’ and you can also access our ‘7 Things you need to know about owing an investment property‘ feature.

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