Investment Property Tax Return.

When filing your investment property tax return, make sure to include all income and costs related to your investment property.It’s critical that you keep track of all of your investment properties. If you hire a property manager, you’ll get an annual tax statement that breaks out all of your earnings and expenditures.

Investment property income may have:

  • Rent received from tenants

  • Rental bond returns

  • Insurance financial returns

Investment Property Tax Deductions

In general, you can claim immediate investment property tax deductions for expenditures related to the care and regulation of your property, that also includes interest on credits.

Here are some tax deductions that you may be able to claim on your investment property:

  • Advertising for tenants

  • Body corporate/strata fees

  • Council rates

  • Utilities

  • Insurance

  • Interest on credits
  • Legal costs

  • Pest control

  • Restorations and maintenance (through depreciation)
  • Book keeping costs
  • Gardening and lawn manicuring
  • Bank expenses
  • Property agent costs and commission

  • Cleaning

  • Quantity surveyor’s fees

  • Postage

  • Telephone charges

  • Capital works and improvements (through depreciation)

  • Land tax

If your property’s expenses exceed its income, you may find yourself in a financial leverage situation. 

Lawtax360 Property Tax Accounting

Lawtax360 are property tax experts whose work aims at property tax accounting. With the support of Lawtax360, we can:

  • Afford enhanced asset protection by helping you in efficiently arranging your investment securities
  • Claim various tax deductions on expenditures to boost profitability on your investment property.

  • Lessen tax liability with your investment properties in a legal way

  • Make a claim for all tax deductions that you are legally allowed to take.
  • Acquire access to our financial circuits to get the best possible interest rates.
  • Assist formulate a future investment property plan

At Lawtax360 our goal is to increase your investment property claims while still safeguarding your assets. Asset protection and tax obligation reduction can both be substantial benefits of properly organizing your business.

With high experience in property tax accounting, we have formulated many personalized strategies for our clients,for their benefits and to endure their investments in the coming years.

Why Taxcellent Consulting Services Services?

We are specialists in small businesses with 15+ years of experience. We take care of your Taxcellent Consulting Services Services preparation and lodgement needs.

We save you time

We do the heavy lifting! Leave all your accounting and bookkeeping work with us

Honest and transparent advice

We avoid the mistakes of your ex-accountants, protecting your assets and minimising tax

Single point of contact

I know, we hate repeating ourselves too. Unlimited telephone and email support with a dedicated Client Manager

Awards & Accreditations.

Taxcellent Consulting Services Services’ small business accountants are proudly recognised by the following accreditations and awards

“lawtax360 AS has been outstanding to work with and has been instrumental in our business growth in the last 3 years. We have worked with other accountants and advisers in the past that will complete our accounting work but no more and do not understand our business and industry. lawtax360 AS, on the other hand, understand our goals and map out strategies for growth. They go above and beyond and come up with key issues we would never have known about.”

Hong – General Manager at Fitness Republic Group

“Davie and his team has helped our startup get off the ground, it has brought peace of mind knowing that the accounting side of our business can be taken care of while we can focus on our business. Being able to have him and the team contactable to ask questions about accounting best practices or other accounting related questions has allowed us to focus on providing value to our own customers.”

Rob – Director at TwoSpace

“We first engaged Lawtax360 AS for advice on the business acquisition and liaising with financiers, solicitors and the vendor. The team at Lawtax360 AS is highly professional, knowledgeable, committed and hard-working. We were really happy with the initial service that we decided to continue our engagement with a month to month accounting service.”

Linda – Director at Tattoo Removal Institute Australia

Not Sure What You Need Help With?

Don’t worry, book a free consultation with us and we’ll help you work out your business needs