Are you looking to dive into property investing, and not sure how to navigate the tax side of things? You’ve come to the right place!
Perhaps you’re a seasoned investor, and looking for a property accountant that can help you manage your tax requirements while maximizing the benefits available to you.
National Accounts are experienced property tax accountants with decades of experience in providing optimal return on our clients’ property investments. We’re committed to helping you reach your financial goals with your property portfolio at all stages of your investing journey.
Ensure compliance and maximize tax benefits with the right property tax accountant for your investment portfolio.
If you are a property investor, there are a number of tax benefits that you can use to your advantage.
That being said, investment property accounting can get complicated quickly if you don’t know what you’re doing. Be sure to get the right advice.
Experience expert accounting solutions that drive growth and success for your business. Contact us today for a personalised consultation.
As an investment property owner, you are able to claim a variety of expenses related to your rental property come tax time.
A capital gain or loss is the difference between what the property cost you to buy and improve (the cost base), and the amount you receive when selling it. Simply put – if you sell the house for a profit, you make a capital gain. If you lose money when you sell, that’s a capital loss.
Each time you sell an investment property, you must report your capital gain or loss on your tax return for that year, and pay a Capital Gains Tax (CGT) on any profit you make from the sale.
Minimize your Capital Gains Tax (CGT) burden by holding onto your investment property for over 12 months to qualify for a 50% discount on the capital tax. Include all relevant expenses, such as stamp duty, legal fees, and agent’s commission, in your cost base calculation to reduce tax on sale profits.
Trust National Accounts for precise CGT calculations and expert tax-saving strategies.
Partner with trusted investment property tax accountants that can provide the right strategies for hitting your goals faster.