An annual tax plan for property investors

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Property investment had become very popular over the years whilst interest rates were low. Investors tend to buy properties to make a long-term profit as prices rise. When investing with property you would be looking for a good price as part of your criteria. And, if you are not managing your own rental, you are living overseas or you have a considerable rental portfolio you may also want to use a Property Management Company. They would take the stress out of compliance, inspections, maintenance, even the right checks on your potential tenants.

Owning rental properties also comes with tax obligations and record keeping. Payments you get from your rental is classed as income and of course there is tax on income. The property type also determines the tax you pay or if you are renting out on a short-term basis like an Air BnB then there is GST to think of.

Still a lot to think about right?

Whether you have one investment property or ten and you have a property manager looking after your nest egg, ilumin have created a rental package that would be ideal for you. We understand that every property and every property owner’s needs are different.  We also know that when you work with a Property Manager your properties finances are well managed. That makes our job easier which is why we have developed a selection of tax packages that are designed to keep you compliant with Inland Revenue, while meeting your specific circumstances and recognising the superior financial management you have in place.

Our selection of packages are not restricted to just the one property. We have packages for multiple properties and company ownership too

All packages include:

  • Rental Statement for each property, Asset and Depreciation Schedule and your annual Income Tax Return
  • Acting as your Tax Agent and providing Tax payment reminders
  • Xero subscription
  • Unlimited support – so you can ask us anything, any time, by phone or email (fair use policy applies)

As an ilumin client, you also benefit from an annual complimentary client review.

Simply select the package that reflects your property portfolio and let ilumin do the rest

Talk to us if you have a specific property portfolio scenario that you would like a package for