The property accountant
Create cashflow and wealth with the experts in property accounting.
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Building a cash positive portfolio
on better numbers
Property can be a great investment. On the up side it gives you passive income and asset appreciation, but there are clear down sides if your portfolio isn’t managed well, market conditions swing or you don’t fully understand all the numbers at play.
The ability to accurately assess potential investments, factor in all the costs (acquisition and future), AAPR, depreciation schedules, calculate ROI and then manage it, is key to growing a successful portfolio. Knowing how to minimize your costs – such as claiming all available tax deductions – can have a significant impact on your cash flow.
At creditte, we’ve been entrenched in the property industry since 2012 and are able to help you save on tax and offer sound financial advice.
We can handle all your accounting requirements and prepare your annual financial statements, enabling you to run a compliant and growing investment property business.
Investment property accounting
The creditte team specialises in helping property investors make smart portfolio decisions, understand their investment performance and build wealth for themselves in the long-run.
- Structuring your asset portfolio
- Structuring loans
- Tax planning
- GST and PAYG
- Increasing cashflow
- Building wealth
If you’re entering the property investment market for the first time, we’re here to help.
We’ll provide you with options for structuring your property portfolio, and we’ll turn your plans into action.
Why choose us as your property accountants
Investment property tax deduction checklist
If you’re thinking of investing in property or you’re a seasoned portfolio manager, it’s important to understand the relevant taxes, from capital gains to the deductions you can claim.
We’ve put together this ‘Investment property tax deduction’ checklist to help you ensure that you’re claiming all the taxes you should be and are keeping cash in your investment.
As a leading property tax accountant in Australia, we keep on top of every single tax concession affecting investments like yours – so you know this checklist is thorough.
Accounting packages
Fixed price accounting and tax packages to suit any trades business.
BASIC
Want to keep things simple? We take care of any standard reporting requirements for you, as well as sorting out the basic tax requirements.
From
$220 monthly- Annual Financial Statements
- Income Tax Returns
- Business Activity Statements
PRO
Looking for a little more? Get that little bit extra to give your business more flexibility and opportunity to grow.
From
$450 monthly- Annual Financial Statements
- Income Tax Returns
- Business Activity Statements
- Annual Tax Planning
- Annual Payroll Lodgements
- Quarterly Meetings
- Business performance analysis
PREMIUM
Want the advantage of quality advice on a regular basis? Get everything in the basic and pro packages plus your very own virtual CFO!
From
$900 monthly- Annual Financial Statements
- Income Tax Returns
- Business Activity Statements
- Annual Tax Planning
- Annual Payroll Lodgements
- Monthly/Quarterly Meetings
- Business performance analysis
- Annual Budget
- A detailed review of profit and loss and cash flows
CUSTOM
Feeling like you're missing something? We can provide tailored solutions to meet your needs
- Payroll Tax
- Fringe Benefits Tax Returns
- Corporate secretarial and ASIC documents
Ready to build cashflow and wealth with your property?
Send through the contact form and we’ll get back to you within 24 hours for a chat. Or reach us here:
Contact us
Frequently asked questions
Do you look after commercial property investors or just residential investors?
We look after clients who are on the journey of purchasing their first investment property through to seasoned property investment veterans with multi-property portfolios all across Australia. We look after both commercial and residential investors alike!
How to avoid capital gains tax when selling investment property?
There’s no way to avoid capital gains tax, but a few exemptions to CGT may be available to you. But if you don’t qualify, don’t panic. There are still ways to reduce the size of your tax bill:
- Note the date of purchase
- Use the principal place of residence exemption
- Use the temporary absence rule
- Utilise your super fund
- Increase your cost base
- Hold the property for at least 12 months
- Sell during a low income year
Can you claim land tax on investment property?
You can claim land tax as a deduction as long as you have an income-producing dwelling on your investment property.
Is stamp duty tax deductible on an investment property?
No – it is included as a cost of purchasing the property, so it can help to reduce any capital gains tax payable if you sell the property for a profit.
How much is a tax return for investment property?
A tax return for an investment property depends on a multitude of factors, ownership structure, recording keeping, etc. for us to quote however investment properties do not need to lodge separate tax returns; they’ll get reported in the tax return the person, persons, entity or entities lodges. Get in touch with us today so we can provide you with a tailored solution for your property investment accounting needs.
When to sell investment property?
Whether your investment property portfolio consists of one property or a dozen, it can be difficult to know when to sell these assets. The length of time that you should retain your investment property will depend on your investment goals. In general, if you’re set to make a profit upon selling, it’s wise to wait to sell an investment property until after at least 12 months of ownership. This way, you can cut your capital gains tax charge in half.
How much can i borrow for an investment property?
We’re more than happy to assist with general queries and scenarios but will introduce you to a mortgage broker to assist with the finance application process and answer your specific questions regarding borrowing capacity.
Can I use my super to buy an investment property?
Yes, you can set up a Self Managed Superannuation Fund (SMSF) and use your superannuation to purchase an investment property. This area requires tailored specific advice for the individual looking to do so. Your SMSF should be set up before purchasing a property. We’d highly recommend getting in touch with a tax professional and financial planner before you start the journey.
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