Accounting for Rental Properties
Efficient and accurate rental property accounting
Managing taxes and accounting on residential or short-term let properties has become increasingly complex due to new rules including interest deductibility limitations and the bright line test (two different versions of this currently apply depending on when you bought your property).
This complexity is even more pronounced when dealing with Airbnb-style rentals, where the mixed-use asset rules may apply and GST rules are changing.
Property transactions involve large sums so it is important to get it right; ensuring compliance with the evolving rules is essential for property owners and investors.
Get in touch with us to see how we can help.
What we do
- Initial structuring advice to determine which entity structure works for you
- Preparation of end of year accounts
- Preparation and filing of income tax returns for the rental properties
- Personal income tax returns for the rental property owners
- IRD liaison
Latest News
Improving landscape for residential property investors: interest deductibility & bright-line rule changes
In recent times residential property investors have felt the weight of evolving tax policies and higher interest rates. However, with
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“App tax” coming 1 April 2024: GST on all Airbnb and digital platform services
The new National coalition government has decided to keep the “app tax” initiated by the previous Labour government in 2023.
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Tax considerations for short-term vs long-term residential rental income
Owning a residential rental property can be a lucrative investment, providing a steady stream of income for property owners as
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