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.
5 Ways a Property Accountant Improves Your Tax Plan
As a dedicated Property Accountant, we specialise in providing tailored tax solutions for property investors in Australia. Navigating the complexities of investment property taxation can be challenging, but our team of experienced professionals is here to simplify the process for you. Our primary goal is to help you maximise your investment returns while ensuring compliance with Australian tax regulations.
We understand that property investment is not just about acquiring assets; it’s also about managing the financial aspects effectively. That’s why we offer a comprehensive range of services designed to address your specific needs. Our services include meticulous capital gains tax (CGT) calculations, which take into account the purchase price, sale price, holding period, and any eligible deductions. By accurately assessing your capital gain, we can help you understand your tax liability and identify strategies to minimise it.
In addition to CGT calculations, we assist you in claiming deductions for various expenses associated with your investment property. This includes interest on loans, property management fees, maintenance costs, and depreciation schedules for plant and equipment. Our expertise in preparing depreciation schedules ensures you take full advantage of available tax benefits, allowing you to enhance your cash flow and overall returns.
Moreover, we provide ongoing support and advice to help you navigate changes in tax legislation that may affect your investments. Our proactive approach ensures you stay informed about the latest developments in property taxation, allowing you to make strategic decisions that benefit your financial future.
At Investax, we pride ourselves on delivering exceptional client service. Our personalised approach means that we take the time to understand your unique circumstances and investment goals. We are committed to providing clear communication and guidance throughout the year, not just during tax season. By choosing us as your Property Accountant, you gain a trusted partner dedicated to your success.
Contact us today to learn how our expert property accounting services can assist you in maximising your investment returns and navigating the complexities of property taxation. Let us help you achieve your financial goals with confidence
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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.
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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.
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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.
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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.
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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.
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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.
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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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Comprehensive Property Accountant Solutions for Smart Investment Management
In the dynamic world of real estate investing, having a knowledgeable Property Accountant by your side is essential for maximising your returns and ensuring compliance with Australian tax laws. At Investax, we offer comprehensive property accounting solutions tailored to the unique needs of property investors. Our team of experts is dedicated to helping you navigate the complexities of tax regulations while optimising your investment strategies.
Understanding your financial position is crucial in property investment, which is why we provide detailed assessments of your income, expenses, and potential tax liabilities. Our services encompass capital gains tax (CGT) calculations, allowing you to accurately determine your tax obligations when selling an investment property. We consider various factors, such as the original purchase price, selling price, and any applicable deductions, to help you minimise your tax burden. For detailed information on CGT in Australia, check out the Australian Taxation Office (ATO) website.
Additionally, our Property Accountant services include identifying and claiming eligible deductions for your investment properties. From interest on loans and property management fees to maintenance costs and depreciation of assets, we ensure that you are taking full advantage of all available tax benefits. Our expertise in preparing depreciation schedules is particularly valuable, as it enables you to claim deductions that can significantly enhance your cash flow. For a comprehensive guide to depreciation, visit Depreciation and Capital Allowances on the ATO website.
Moreover, we stay up-to-date with the latest changes in tax legislation, providing you with proactive advice that reflects current regulations. This allows you to make informed decisions about your investments and adapt your strategies as needed. We believe in fostering long-term relationships with our clients, ensuring that we are always available to offer guidance and support throughout the year.
At Investax, we recognise that each investor’s journey is unique. That’s why we take a personalised approach, working closely with you to understand your specific goals and circumstances. Our commitment to exceptional client service means you can rely on us for clear communication, timely advice, and tailored solutions that align with your financial aspirations.
For more insights into investment property taxation and property accountant, explore our blog for valuable tips and strategies.
Contact us today to discover how our comprehensive property accountant services can help you navigate the complexities of investment property taxation and achieve your financial objectives with confidence. Let us be your trusted partner in smart investment management!
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?
In Australia, capital gains are taxed under the Capital Gains Tax (CGT) regime, which is part of the Income Tax Assessment Act. When you sell an asset, such as an investment property, and realise a capital gain, you must report this gain in your income tax return for the financial year in which the sale occurred. The capital gain is included in your assessable income and taxed at your marginal tax rate.
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. This comprehensive approach ensures that all relevant information is factored in, including any costs associated with acquiring or improving the property, which can affect your capital gains tax liability.
Our expertise in Australian tax laws allows us to provide tailored advice, ensuring compliance with Australian Taxation Office (ATO) regulations while optimising your financial outcomes. By working with an Investax accountant, you can gain valuable insights into potential strategies for minimising your tax obligations and maximising your investment returns.
Trust the Leading Property Accountant for Investment Property Tax Solutions. Contact us today to discover how our expert Property Accountant services can assist you in maximising your investment returns and navigating complex tax regulations.
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