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
Airbnb & GST: detailed questions answered
Posted onDealing with GST compliance can be tricky for short-term accommodation providers, especially with recent legislative changes. As of 1 April
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Calculating expenses for mixed-use residential properties
Posted onIn residential property investment, a mixed-use asset refers to a property that serves both private and income-earning purposes, and is
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Removal of commercial building depreciation from 1 April 2024
Posted onStarting from the 2024-25 financial year, the tax depreciation rate for commercial and industrial buildings will revert to 0%. However
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