Tax support for rental property owners
If you own a rental property, your tax return may draw on rental income, property expenses, loan information, repairs, depreciation and other investment property details.
Our team can help you work through the information you have, explain what records may still be required and prepare your return based on the information available.
Rental property tax can become more detailed when there are multiple owners, several properties, refinancing, private use or changes during the year. Our aim is to make the process clear and easier to manage.
What to bring to your appointment
Bringing the records you already have gives the team a clearer starting point for your rental property tax work.
Gather property income records
This may include property manager annual statements and other records of rental income.
Gather property expense records
Loan interest summaries, invoices, receipts and depreciation reports may be relevant to the property.
Include records of important changes
Settlement statements, ownership changes, refinancing details or periods of private use may require additional information.
Questions about rental property tax returns
What if I own more than one rental property?
Bring the available income, expense and supporting records for each property. The team can help you work through how the information is organised for your return.
What if I have rental and business income?
Ready Accounting can assist with individual tax, sole trader tax, business tax and rental property tax where needed. Contact the team if you are unsure which appointment to choose.