Property Tax Accountant Services in Melbourne
Maximise Your Property Investment Returns
At Bookkept, we are property tax specialists dedicated to helping investors and property owners in Melbourne navigate the complex landscape of real estate taxation. Our expert team of property tax accountants ensures you maximise your returns while staying fully compliant with Australian tax laws.
Comprehensive Property Tax Solutions Melbourne, Victoria
Bookkept offers a full spectrum of property tax accounting services tailored to meet the unique needs of property investors, from individual landlords to large-scale property developers. We're here to optimise your tax position and support your investment property growth.
Strategic Property Tax Planning
We go beyond basic compliance in our property tax planning approach. By examining your property investment portfolio, goals, and market conditions, we create a thorough tax strategy for your investment properties:
Rental income optimisation
Capital gains tax planning
Negative gearing strategies
Depreciation schedule analysis
Investment structure advice
Our forward-thinking methods uncover tax-saving opportunities and prepare you for future property market shifts, setting your property investments up for long-term financial success.
Rental Property Tax Return Preparation
At Bookkept, we specialise in property tax and can simplify the complex process of preparing tax returns for rental properties.
Our services include a comprehensive review of rental income and expenses, identification of allowable deductions, accurate preparation of rental schedules, optimisation of capital works and depreciation claims, and a clear explanation of your tax position and obligations.
Our detailed approach ensures that your property tax returns are not only compliant but also optimised for maximum benefit. Let us handle the intricacies so that you can focus on growing your property investment portfolio.
Plans to suit your business accounting & bookkeeping needs
We don’t believe in a cookie cutter approach when it comes to billing.Our clients prefer certainty so we tailor a monthly package with defined accounting services and agree upfront. Here are some examples of what we do for our clients –
Chris - The Contractor
Emma - The Cafe Owner
Mick - The Well-Established Firm
Property Investment Structure Advice
Choosing the right structure for your property investments is crucial for tax efficiency and asset protection. Our property tax accounting services include:
Assessment of various ownership structures such as individual ownership, partnerships, trusts, and self-managed super funds
Advice on the most tax-effective and protective structure for your situation
Guidance through the process of setting up or transitioning to the optimal structure
Alignment of your investment structure with your long-term wealth creation goals
Capital Gains Tax (CGT) Management
Effective CGT management is key to successful property investment. Bookkept offers comprehensive CGT services:
We help you understand CGT implications before property transactions
Our team calculates accurate CGT liabilities for investment property sales
We develop strategies to minimise CGT, such as timing sales and utilising available exemptions
You can trust our property tax accountants to guide you through complex CGT scenarios, ensuring you make informed decisions about your property investments.
What our clients are saying
FAQ About Our Service
What depreciation benefits can I claim on my rental property?
You can claim depreciation on the building structure (capital works deductions) if constructed after September 1987, and on plant and equipment items. As property tax specialists, we can arrange a depreciation schedule to maximise these deductions for your investment property.
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How does negative gearing work, and is it beneficial for me?
Negative gearing occurs when the costs of owning your rental property exceed the income it generates. While it can offer tax benefits, its suitability depends on your financial situation and property investment goals. Our property tax accountants can analyse whether it's the right strategy for you.
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Can I claim travel expenses related to my rental property?
As of July 1, 2017, travel expenses related to residential rental properties are generally not tax-deductible. However, there are exceptions for certain businesses. We can clarify what you can and cannot claim for your investment properties.
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How does owning a rental property affect my tax return?
Rental income is taxable, but you can claim deductions for many expenses related to the property. This can significantly impact your overall tax position. Our property tax accounting experts will help you understand and optimise this impact.
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What records should I keep for my rental property?
You should keep records of all income received, expenses incurred, and any improvements or assets purchased for the property. We can provide a comprehensive checklist tailored to your property investment situation.
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How can a property tax accountant help me with my investment property?
A property tax accountant specialises in the unique tax considerations of real estate investments. We can help you structure your property investments efficiently, maximise deductions, manage capital gains tax, and ensure compliance with tax laws. Our expertise can significantly enhance the financial performance of your investment properties.
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Is it worth setting up a trust for my property investments?
Trusts can offer tax advantages and asset protection benefits for property investors. However, the suitability depends on your individual circumstances and investment goals. Our property tax specialists can assess whether a trust structure would be beneficial for your property investment strategy.
Get In Touch Today
Get in touch by filling out the form below or simply call (03) 8568 3506!