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.
This complexity is even more pronounced when dealing with short term rentals through Airbnb, Bookabach, Bachcare, etc, where the mixed-use asset rules may apply and GST rules have changed.
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
Changes to the Unit Titles Act 2010: overview for property investors
Posted onAt times we encounter information outside of tax and accounting that could benefit property investors. A recent example is an
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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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