Property Tax Accounting

Investment Property Tax Return

When lodging your investment property tax return, you must ensure that you declare all income you have received and the expenses you have incurred with your investment property.

It’s important that you collate all your investment property records. If you use a property manager, you will receive an annual tax statement detailing all income and expenses.

Investment property income may include:

• Rent received from tenants
• Rental bond returns
• Insurance payouts

Investment Property Tax Deductions

Immediate investment property tax deductions can generally claim for expenses concerning the maintenance and management of your property, including interest on loans.

Below are some examples of tax deductions you can claim on your investment property:

• Advertising for tenants
• Body corporate/strata fees
• Council rates
• Utilities
• Insurance
• Interest on loans
• Legal expenses
• Pest control
• Repairs and maintenance (through depreciation)
• Accounting fees
• Gardening and lawn mowing
• Bank charges
• Property agent fees and commission
• Cleaning
• Quantity surveyor’s fees
• Postage
• Telephone charges
• Capital works and improvements (through depreciation)
• Land tax

Often, you may negatively gear your property if your expenses exceed your income on the property.

Avail Services Property Tax Accounting

Avail Services are property tax specialists focused on property tax accounting. With the help of Box Advisory Services, we can:

• Afford better asset protection by assisting you in effectively structuring your investment portfolio
• Improve cash flow on your investment property by claiming various tax deductions on expenses
• Legally reduce tax liability with your investment properties
• Claim on all tax deductions that you are legally permitted to
• Gain access to our finance network to receive the lowest interest rates available
• Help develop a future investment property strategy

At Avail Services, we aim to maximise your investment property claims as well as protecting your wealth. By appropriately structuring your business, it can have significant benefits in asset protection and reducing your tax liability.

With over 13 years’ experience in property tax accounting, we have developed many bespoke strategies for our clients to benefit them and future-proof their investments in the years to come.