Property Tax Accounting

Our team of property accountants can advise you on all matters in tax when it comes to purchasing, selling and income tax on your investment property.

Investment Property Tax Return

When lodging your investment property tax return, you must ensure that you declare all income you have received and the expenses you have incurred with your investment property.

It’s important that you collate all your investment property records. If you use a property manager, you will receive an annual tax statement detailing all income and expenses.

Investment property income may include:

  • Rent received from tenants
  • Rental bond returns
  • Insurance payouts


Investment Property Tax Deductions

Immediate investment property tax deductions can generally claim for expenses concerning the maintenance and management of your property, including interest on loans.

Below are some examples of tax deductions you can claim on your investment property:

  • Advertising for tenants
  • Body corporate/strata fees
  • Council rates
  • Utilities
  • Insurance
  • Interest on loans
  • Legal expenses
  • Pest control
  • Repairs and maintenance (through depreciation)
  • Accounting fees
  • Gardening and lawn mowing
  • Bank charges
  • Property agent fees and commission
  • Cleaning
  • Quantity surveyor’s fees
  • Postage
  • Telephone charges
  • Capital works and improvements (through depreciation)
  • Land tax

Often, you may negatively gear your property if your expenses exceed your income on the property.


Box Advisory Services Property Tax Accounting

Box Advisory Services are property tax specialists focused on property tax accounting. With the help of Box Advisory Services, we can:

  • Afford better asset protection by assisting you in effectively structuring your investment portfolio
  • Improve cash flow on your investment property by claiming various tax deductions on expenses
  • Legally reduce tax liability with your investment properties
  • Claim on all tax deductions that you are legally permitted to
  • Gain access to our finance network to receive the lowest interest rates available
  • Help develop a future investment property strategy

At Box Advisory Services, we aim to maximise your investment property claims as well as protecting your wealth. By appropriately structuring your business, it can have significant benefits in asset protection and reducing your tax liability.

With over 13 years’ experience in property tax accounting, we have developed many bespoke strategies for our clients to benefit them and future-proof their investments in the years to come.

Related blog posts

Hiring Your First Employee

3 Crucial Steps to Successfully Hiring Your First Employee

What to look out for when hiring your first employee Looking at hiring your first employee? Achieving entrepreneurial success isn’t ...
Read More
A Guide to Employer Obligations

A 2300 Word Ultimate Guide to Understanding Employer Obligations

Understanding Employer Obligations As an employer, it’s imperative to understand that your employer obligations extend further than the monetary compensation ...
Read More
Business Registrations

9 Essential Business Registrations Your Businesses Needs

Are you starting your own business? Starting a business is an exciting time for any entrepreneur. Often times, this can ...
Read More
How to Change Accountants

Step by Step Guide on How to Change Accountants

Time to change accountants? Generally, businesses will make the decision to change accountants for a number of reasons. This guide ...
Read More

Awards & Accreditations

Box Advisory Services' small business accountants are proudly recognised by the following accreditations and awards

“Box AS has been outstanding to work with and has been instrumental in our business growth in the last 3 years. We have worked with other accountants and advisers in the past that will complete our accounting work but no more and do not understand our business and industry. Box AS, on the other hand, understand our goals and map out strategies for growth. They go above and beyond and come up with key issues we would never have known about.”

Hong – General Manager at Fitness Republic Group

“We first engaged Box AS for advice on the business acquisition and liaising with financiers, solicitors and the vendor. The team at Box AS is highly professional, knowledgeable, committed and hard-working. We were really happy with the initial service that we decided to continue our engagement with a month to month accounting service.”

Linda – Director at Tattoo Removal Institute Australia

“Davie and his team has helped our startup get off the ground, it has brought peace of mind knowing that the accounting side of our business can be taken care of while we can focus on our business. Being able to have him and the team contactable to ask questions about accounting best practices or other accounting related questions has allowed us to focus on providing value to our own customers.”

Rob – Director at TwoSpace

Not sure what you need help with?

Don’t worry, book a free consultation with us and we’ll help you work out your business needs