Rental income & returns
Work through rental income, expenses and the property information needed for the relevant tax return.
PROPERTY TAX · RENTAL OWNERS
Rental
Property Tax
Tax return and accounting support for residential and commercial rental-property owners.
Discuss your rental propertyCampbelltown · Established in 2010HOW WE HELP
The property.
The income. The tax.
For individuals and businesses with rental income, a proposed property purchase or questions about an existing property.
KPA helps you consider the tax implications of owning, buying and selling rental property. We discuss the income and records, tax-planning opportunities and the questions relevant to your own circumstances.
SUPPORT WITH THIS SERVICE
Negative gearing & depreciation
Discuss negative gearing, asset depreciation and the tax treatment of property costs, with eligibility considered against your circumstances.
Ownership, leases & funding
Tax and accounting considerations for ownership structures, lease agreements and property funding arrangements.
Purchases, sales & periodic reviews
Tax advice before buying or selling, capital gains questions, and periodic reviews of the property’s income, expenses and tax position.
- 01 / UNDERSTAND
Discuss the property, ownership and the question involved.
- 02 / REVIEW
Work through income, costs and supporting records.
- 03 / AGREE
Confirm the return, advice or periodic review work needed.
KEY CONSIDERATIONS
The type of expense matters.
For residential rentals, repairs, improvements, capital works and depreciating assets can have different tax treatment. Private use and the periods a property is rented or genuinely available for rent can also affect expense claims. Discuss the details before assuming a cost is deductible.
BEFORE WE TALK
A useful starting point.
Tell us whether the property is residential or commercial, how it is owned and whether you are preparing a return or considering a change.
Contact KPA before sending financial records or sensitive documents.
Records to have in mind
- Property address, ownership details and ownership shares
- Rental income, agent statements and lease information
- Expense records and supporting receipts
- Purchase, sale or ownership-change documents, where relevant
- Loan statements and information about how borrowed funds have been used
- Capital expenditure records and any existing depreciation information
- Periods of rental, private use or vacancy, and the property’s use history
COMMON QUESTIONS
Before you enquire.
Do you work with residential and commercial property?
Yes. KPA’s property tax service covers both residential and commercial property. Tell us about the property and the tax or accounting help you need.
Can you discuss negative gearing and depreciation?
Yes. These are part of the property tax matters KPA can discuss. The treatment depends on the property, expenses, applicable rules and your circumstances.
Can you advise before I buy or sell?
Yes. Contact the team before committing where possible. We can discuss the tax considerations around the purchase, sale, ownership structure or funding arrangement.
Does this include property investment or lending recommendations?
This service concerns tax and accounting. Personal investment recommendations, lending arrangements and legal advice are separate matters for the appropriately qualified adviser.
TALK TO KPA
Talk through your property tax questions.
Tell us about the property, the work you need and any important dates.