Property Tax Accountants in Sydney
If you’re an investor,fist home buyer or looking to increase your property portfolio for the first time with a new rental property, you should take tax advice from a property tax accountant to help you understand how you can minimize tax as well as how the property will create wealth for you in the long run. Apart from creating wealth and minimizing tax you also need to understand how you are going to report your property income and expenses when it comes to the end of financial year and ensure your income tax is reported correctly. FinTax team are all experienced property tax accountants and can help you manage the tax requirements for your investment properties. Contact our offices in Newtown, Randwick or Waterloo today to discuss more.
Why do you need a Property Tax Accountant?
Property tax accountants can help ensure that you’re reporting your income and expenses from your property investments correctly. While the home you live in is generally exempt from tax, any investment properties may have income tax, capital gains tax (CGT) and goods and services tax (GST). This is also the case if you build and renovate homes for profit, buy and sell land or use a property in running your business. If you rent out your home, you will need to keep detailed records to ensure all your income and expenses are ready to declare on your tax return.
The sale of capital gain assets, such as your investment property, require tax planning, which is why it’s important to take advice from a property tax accountant. The experienced team at FinTax can discuss potential strategies with you to help offset/reduce CGT and ensure that you’re in the best possible financial position. Get in touch with our team today to discuss your situation.
Get your property tax in order with our accountants today
If you’re interested to discuss about how our accountants can help you with your property tax and tax planning or if you’re interested in any of our other services, such as bookkeeping, SMSF or general business advice, please don’t hesitate to get in touch with our friendly teams in Sydney today. You can reach us by calling our offices on (02) 8033 2327 . Alternatively, send an email to firstname.lastname@example.org and we’ll get back in touch as soon as possible.
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