Rental property taxation services
Investing in residential rental property can be rewarding—but it also comes with complex tax obligations. Our expert team is here to help you navigate the nuances of rental property taxation and ensure your financial records are accurate, compliant, and stress-free. Shane has both the theoretical & practical knowledge with over 30 years of experience with his own rental portfolio to help guide you.
Key Tax Traps to Avoid
Avoid costly mistakes and IRD scrutiny by being aware of these common pitfalls:
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Bright-Line Test (BLT) – Know the 2, 5, and 10-year rules, and how your intent to rent or sell affects your tax position.
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Interest Deductibility Limits – Understand the phased reduction: 12.5%, 25%, 50%, 75%, 80%, 100%.
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Ring-Fencing of Losses – Rental losses can’t always offset BLT gains.
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Depreciation Clawback – Be prepared for potential tax liabilities when selling.
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New Builds – Special rules may apply.
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Overseas Rentals – Ie properties in Australia and the UK.
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GST on Property Development – Know when GST registration is required.
Commonly Overlooked Tax Deductions
Many property investors miss out on valuable deductions. Here are six areas we often see underutilized:
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Vehicle Mileage – Travel related to property management may be claimable.
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Home Office Expenses – Including internet and phone usage.
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Legal Fees – Certain lawyer’s fees may be deductible.
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Chattels Valuation & Depreciation – Maximise your claims with accurate valuations.
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Repairs vs. Improvements – Understanding the difference is key to correct reporting.
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Insurance Costs – Mortgage and income protection insurance may be deductible.
Our Hassle-Free Process
We’ve developed a streamlined system that ensures your rental property accounts are:
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Completed accurately
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Delivered on time
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Compliant with IRD requirements
We work on a 1-to-1 basis, building strong relationships with our clients through personal contact and tailored advice.