Rental Property Accounting

 

Whether you are just starting out on a new venture in the rental property world or if you already have rental properties that require affordable accounting, we comprehensive unbeatable Rental Accounting Packages to suit all needs.

Generally, any income that you receive from renting out property will be liable for income tax, so you must include it in your tax return. This income could be from renting out land or buildings, or it could be income you earn by having private boarders or flatmates living with you.

There have been significant changes to the law surrounding your Loss Attributing Qualifying Company ('LAQC'). From 1 April 2011 losses will no longer be attributable to the shareholders of the LAQC and unless you have nominated otherwise, your LAQC will automatically become a Qualifying Company ('QC') (read more...)

Another major factor affecting investors has been the change in depreciation rules regarding buildings (read more...) 

 

Our Rental Property Packages

  

 
Price
Number of Properties
Property Financials
Company Tax Returns
Individual Tax Returns**
Shareholder Tax Returns***
Advice
Individual
$398   + GST
1
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Partnership
$498  + GST 
1
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LTC
$598 +GST
1
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Custom
 Custom*
Multiple
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Custom* - If you have more than 1 rental property or if you have a rental property plus other business that needs accounting, we will tailor a price to meet your requirement. Usually if you have multiple properties - we apply a discount to the extra properties.

Individual Tax Returns** - For individuals - the fee is inclusive of the individuals tax return. For partnerships - the fee is inclusive of two individual tax returns (for 2 partners). Extra partner tax returns cost $150+GST.

Shareholder Tax Returns*** - for LTC's  - the fee is inclusive of two shareholder tax returns. Extra shareholders cost  $150+GST.

Note: The above inclusive shareholder tax returns do not include doing Working for Families Tax Credits (WFTC). The cost to do this is an extra $100 +GST per application.

 

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