INVESTMENT PROPERTY TAX RETURN SPECIALISTS
You might think that at Akeri Tax, we only do tax returns for businesses or sole traders, yes we do! But we can also help you out with your investment property tax return. Just like you might have to for any business, you have to file an investment property tax return. Unfortunately, just like everyone else, investment property tax returns can get a little pricey. In fact, in recent years many people have seen their accountancy bills boom. No-one started investing to lose money, and it pays to try to minimise that wherever you can. That’s why you need to call Akeri Tax as we can make sure it’s all as quick and easy as possible.
What’s in my Investment Property Tax Return?
As soon as you get involved in investing in property, you need to get familiar with your tax requirements. For one, you need to understand what you can and cannot claim. There are a wide variety of things affecting what you can and cannot claim in your rental property tax return. This includes things like rent, maintenance costs, borrowing expenses, depreciation and capital works spending. There are a few things you definitely cannot claim such as GST credits and expenses that you don’t actually get paid, like water costs, sadly travel cost has also been ruled out.