Welcome to Investax, your trusted Property Specialist Accountant

Maximise Your Property Investments with Expert Tax Advice and Accounting Services

Are you a property investor seeking reliable tax advice and professional accounting services? At Investax, we are passionate about helping property investors like you thrive. Our specialised expertise, reliable tax advice, and accurate tax returns ensure you receive the exceptional service you deserve.

STEP Tailored Property Investment Strategies

We develop personalised property investment strategies designed to legally reduce taxes and maximize your financial outcomes. Our team takes into account your unique circumstances and investment goals, ensuring you make informed decisions for long-term success.

STEP Optimal Structure For Property Investments

Selecting the appropriate structure for your property investments, projects, and development is paramount. Whether it be an individual ownership, a company, or a Trust, making the right choice is crucial for legal compliance, tax efficiency, and operational flexibility. At Investax, we offer expert guidance to help establish the optimal structure that aligns with your goals, ensuring you maximise benefits while adhering to regulations and maintaining the desired level of flexibility.

STEP Cash Flow Modelling

Our team conducts thorough cash flow modelling to help you better understand the financial implications of your property investments. This analysis empowers you to make strategic decisions and optimise your cash flow management.

STEP Funding Solutions

Whether you need funding for your current or future property investments, we assist in sourcing appropriate funding options. We leverage our network of trusted partners and financial institutions to help you secure the necessary capital for your projects.

STEP Expertise in Property Tax Accounting

At Investax, our deep knowledge and expertise in property tax accounting set us apart. With over 80% of our clientele being property owners and our leadership team personally invested in property, we understand the intricacies of the property, development, and construction sector. Our specialists stay updated on the latest legislation and funding challenges to ensure we provide you with informed guidance that directly impacts your investments.

STEP Dedicated to Maximizing Your Deductions

We understand that your family accountant may not always be equipped to identify and maximise your entitled deductions, potentially costing you more money. At Investax, we are committed to ensuring you claim all tax deductions you are legally entitled to, including depreciation, expenses related to property improvements, appropriate loan interest, and understanding the refinancing process to accurately claim interest deductions after refinancing. What sets us apart is the fact that our senior managers themselves own multiple investment properties, granting them an in-depth understanding of property deductions like the back of their hands.

STEP Comprehensive Services for Property Investor

Our range of services covers all aspects of property tax accounting. From tax planning and compliance to professional management of Margin scheme, GST, land tax, and CGT, we offer the expertise and guidance you need to navigate the complexities of property taxation successfully.

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Frequent Asked Questions
Got questions? Well, we’ve got answers.
What is negative gearing and how does it affect my tax return for an investment property?

Negative gearing occurs when the expenses of owning an investment property, including loan interest, exceed the rental income received. This creates a loss, which you can offset against other income to reduce your overall taxable income.

What expenses related to my investment property can I claim as deductions on my tax return?

You can claim a range of expenses as deductions, including interest on your investment property loan, property management fees, council rates, property insurance, repairs and maintenance costs, and depreciation on eligible assets within the property.

Can I claim deductions for travel expenses to visit my investment property?

As of my last update in September 2021, travel expenses for inspecting your investment property are generally not deductible. However, some limited exceptions may apply, such as if the property is a commercial property.

What is Capital Gains Tax (CGT), and how does it apply to investment properties?

CGT is a tax on the profit made from the sale of an asset, including investment properties. If you sell an investment property for more than you paid for it, you may be subject to CGT. However, there are concessions and strategies available to minimize CGT, such as the 50% CGT discount for assets held longer than 12 months and the main residence exemption if the property was your main home for part of the time.

Can I claim a deduction for the interest on my home loan if I use the loan to buy an investment property?

If you use a loan to buy an investment property, you can generally claim a deduction for the interest on that loan. However, you need to ensure that the loan is specifically used for the investment property and that you keep proper records to support your claim.

Can I claim expenses for renovating my investment property?

Yes, you can claim deductions for expenses related to repairs and maintenance of your investment property. However, substantial improvements or renovations that enhance the property’s value may need to be depreciated over time, rather than claimed in full as an immediate deduction.

How do I get a depreciation schedule for my investment property?

To get a depreciation schedule, you typically engage a qualified Quantity Surveyor. They will assess your investment property, identify all depreciable assets within it, and determine their respective values. The Quantity Surveyor will then prepare a detailed report, known as a depreciation schedule, which outlines the deductions you can claim for both Division 40 (Plant and Equipment) and Division 43 (Capital Works).

Is obtaining a depreciation schedule worth the cost and effort for my investment property?

Yes, obtaining a depreciation schedule can often be worth the cost and effort for several reasons, such as maximise deduction, long term tax benefit for a one-off cost and compliant documentation for audit.

What is capital gain?

Capital gain is the financial profit realised when you sell or dispose of an asset, such as stocks, real estate, or valuable possessions, for an amount higher than the original purchase price. It represents the difference between the selling price (proceeds) and the cost basis (purchase price and any associated acquisition costs).

How is capital gain taxed in Australia?

Capital gains in Australia are subject to taxation under the Capital Gains Tax (CGT) regime. If you’ve owned the asset for over 12 months, you may qualify for a 50% CGT discount on the gain, with the remaining 50% added to your taxable income and taxed at your marginal rate. Capital losses from other investments can offset capital gains, and any excess losses can be carried forward. There are exemptions for primary residences, concessions for small businesses, and different tax rates for superannuation funds. For accurate guidance in navigating the complexities of CGT, it’s advisable to consult a tax professional or accountant, such as Investax Accountants, as tax laws may change over time.

Can an Investax accountant help me calculate my capital gain accurately?

Yes, Investax accountants are well-versed in CGT calculations. We can help you accurately determine your capital gain by considering various factors, such as the purchase price, sale price, holding period, and eligible deductions.

Trust the Leading Investment Property Tax Specialist. Contact us today to discover how we can assist you.
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