Accountants for rental property

Good rental property accountants will help you optimise and maximise your rental property investment. We help our clients make their rental property investments as financially productive yet as passive to manage as possible. If you are looking for an accountant that can take the time and stress out of making sure that your investment is truly working for you, get in touch for a free consultation.

We don’t just talk the talk – we are NZ property investors ourselves. This means we know what to look out for, where extra value can be created, and know the solutions to common rental property accounting issues. We help people in a number of ways. If you are an existing property investor or considering investing in residential or commercial properties, get in touch for a free consultation.

The Rental Property Accountant services we provide include:

  • Guidance on the various ownership structures
  • ‘Common sense’ check and critique on purchasing a particular property
  • Help you understand what expenses are deductible to reduce tax
  • How to structure and secure the best finance/mortgages (ask about our preferred mortgage expert)
  • Guidance in tax minimisation
  • ‘What if…?’ scenarios (interest rate increases etc)
  • Manage your tax returns and end-of-year financial statements

When you decide to sell an investment property, this needs to be considered carefully to ensure that there aren’t going to be any unforeseen costs that you hadn’t anticipated. It is always worth-while running it past your accountant before you make these big decisions, so that you have another experienced professional to double check that nothing has been missed.

We offer a free consultation

As specialist Rental Property Accountants, we’ll provide you with guidance on your current or prospective rental property by showing you how to make your investment most tax effective. Simply book an appointment at our office in Milford/Takapuna and we can we can discuss your requirements and provide a no obligation estimate on what it will cost to help. You will find that our fees are widely held as being the most reasonable in Auckland for the services provided.

What’s the best way to structure my mortgages so don’t pay more tax than I have to?

Everyone’s situation is different based on what their plans and motivations are. As a general rule of, we advise our clients to reduce their ‘Bad Debt’ first (the mortgage attached to their home/primary dwelling). This is because this home loan is generally not tax deductible.

Can you organise and get this sorted for me?

This a specialist area so as rental property accountants we co-ordinate and work closely with our preferred Auckland Mortgage Broker to get the best outcomes for our clients. We handle the structuring and taxation side of the home/rental property equation whilst liaising with the mortgage broker to make sure everything is co-ordinated correctly.

If you have an existing home loan or are looking to take out a new mortgage for a rental property and haven’t spoken to a good mortgage broker yet, you are absolutely missing out. They don’t charge you any fees for their service, as their fees are paid by the bank.

Every client we have requested our preferred Auckland mortgage broker to help, has ended up with a better deal on their existing and new home loans. What’s more, they wished that they had done it sooner rather than trying to negotiate directly with their bank.

We think it’s an absolute no-brainer if you’re wanting to get smart around optimising your mortgages.

It has taken us some time to find a good fit for our clients and an expert in mortgages that we know we can work well with. Contact us today if you would like to be referred to our preferred Auckland Mortgage Brokers.

List of Rental Property Tax Deductions NZ:

What expenses can be deducted from my rental income?

  • Legal fees for arranging finance to buy the property
  • Legal fees for buying and selling a property, provided the total legal expenses equal or are less than NZD $10,000
  • Interest paid on money borrowed to finance your property
  • Accounting fees
  • Agents’ fees relating to the rental of the property
  • Rates and insurance
  • General repairs and maintenance
  • Vehicle and travel expenses

What expenses cannot be deducted from my rental income?

  • Rental property purchase price
  • Real estate agent’s fees incurred as part of buying or selling the property
  • The capital portion of any mortgage repayments
  • Interest on money borrowed for another purpose besides financing of the rental property
  • Capital improvement costs – any repairs and maintenance that exceed replacement and ‘improve’ your property

This list is not complete and is provided for indicative purposes only. The IRD provides full guidance on exactly what is and isn’t allowed. You should always either refer to their website or speak with your accountant for what applies in your situation.

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Looking for straightforward rental property accountants?

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