Whether you’re a seasoned investor or looking to increase your property portfolio for the first time with a new rental property, you can benefit from engaging a property tax accountant to help you crunch the numbers and ensure your income tax is reported correctly when it comes to the end of financial year. The team at Link are all experienced property tax accountants and can help you manage the tax requirements for your investment properties. Contact our offices in Surry Hills or Parramatta today to learn more.
Property tax accountants can help ensure that you’re reporting your income from your property investments correctly. While the home you live in is generally exempt from tax, any investment properties may have income tax, capital gains tax (CGT) and goods and services tax (GST). This is also the case if you build and renovate homes for profit, buy and sell land or use a property in running your business. If you rent out your home, you will need to keep detailed records to ensure all your income and expenses are ready to declare on your tax return.
The sale of capital gain assets, such as your investment property, require financial planning, which is why it’s valuable to employ a property tax accountant. The experienced team at Link can discuss potential strategies with you to help offset CGT and ensure that you’re in the best possible financial position. Get in touch with our team today to learn more.
If you’re interested in learning more about how our accountants can help you with your property tax and financial planning or if you’re interested in any of our other services, such as bookkeeping, please don’t hesitate to get in touch with our friendly teams in Sydney today. You can reach us by calling our Paramatta office on (02) 8810 6514 or our Surry Hills office on (02) 8958 0696. Alternatively, send an email to firstname.lastname@example.org and we’ll get back in touch as soon as possible.