Price Accounting Services provides comprehensive property tax accounting and investment property advice for SMSFs, property investors, real estate developers, property management agencies, and landlords with large or commercial property portfolios. We tailor solutions to help you select the right property investment strategy to maximise your tax benefits and minimise your property tax liabilities.
Property investment can be a very effective way to build wealth – but it should never mean overpaying tax. Tax returns become significantly more complicated when you invest, and there are myriad legitimate tax deductions that most investors miss.
We are here to make sure you take advantage of every tax minimisation opportunity while remaining compliant with the ATO. From preparation of your tax return to proactive investment structuring to ensure you optimise your returns, we can manage every step.
Our role includes:
Operating for over 40 years, we are certified property tax accountants, and our goal is to provide unrivalled, client-focused property advice services. We are passionate about what we do, and the value we place on our client relationships is unparalleled.
Our office is located in Thornleigh in Northwest Sydney’s Hills District, and we work with clients from Castle Hill to Hornsby, across Greater Sydney, Australia-wide and beyond. We have a large number of clients in every Australian state as well as Australians living internationally (including but not limited to Cairo, The Hague, Shanghai, Hong Kong, and San Diego).
From expert, insightful investment property tips to property advice for Self-Managed Super Funds, to the day-to-day management of your real estate portfolio, we are here to help ensure your wealth-building strategies succeed.
Become a client with us – call (02) 9875 2444.
Purchasing an investment property increases your taxable income through rental earnings. These are taxed at your marginal tax rate. Your tax burden, however, can be significantly reduced by claiming legitimate deductions such as depreciation of the property and expenses (such as investment loan interest, agent commissions, council rates, maintenance/repair costs, insurance, and more). You also need to factor in negative gearing benefits as they apply to your circumstances. It can be a very complex process, and retaining the services of a property tax accountant to manage this is advised.
Under the right circumstances, it can be. SMSF property investment tends to perform better for commercial real estate investments and people with high superannuation balances. Seek professional property advice to understand your unique options.
There are numerous claimable deductions on an investment property, including (but not limited to) investment loan borrowing expenses and interest, property management fees, council and water rates, land tax, insurance (landlord, building, public liability), repairs, maintenance, rental advertising expenses, legal/accounting expenses, pest control, body corporate fees, and depreciation. Work with a property accountant to maximise your deductions and minimise your tax burden.
By far the most effective way to achieve this is to retain the services of a property tax accountant. They have the expertise and insight into current legislation, ATO obligations, and deductibles and can navigate and unravel what can be an incredibly complex process, ensuring your returns are optimised while remaining in full compliance with the ATO.
Some legal ways to minimise CGT include holding assets for more than 1 year, offsetting with capital losses, strategically timing the sale of a property asset (as CGT is added to your income for the year an asset is sold), or making a superannuation contribution from sale proceeds. You may also avail of the ATO Main Residence Exemption in some circumstances. Australia’s Capital Gains Tax laws are quickly evolving, and ideally, you will work with a certified property accountant to navigate this.
Consulting an accountant is essential for accessing accurate negative gearing advice and effectively managing negative gearing in Australia. They can help you maximise tax deductions, prepare and apply for an ATO PAYG Variation, structure your investment strategy for optimal tax outcomes and compliance, manage your capital gains liability, and navigate evolving legislation.
This is very individualised and depends entirely on your circumstances: income, risk profile, and investment goals. For example, for wealth-building for retirement, holding property in an SMSF may be a wise investment. High-income earners may elect to personally hold and negatively gear property against a high marginal tax rate. A Family Discretionary Trust can be a tax minimisation strategy for long-term growth and asset protection. Property can also be purchased through a registered company for property developers or business owners. We recommend that you consult a property accountant to explore your options.
Australia does not have Inheritance or Estate Tax, so you do not pay tax for receiving a property inheritance. You may, however, be liable for Capital Gains Tax when you sell or otherwise dispose of the property. If the property was the deceased person’s main residence (not used as an income stream), CGT is exempt provided it is sold and settled within 2 years of their death – but if you have made it your own primary residence, you may be exempt from CGT if you later sell it. Inherited investment properties will likely have a CGT obligation, as will any rental income a property generates after it is inherited. A property tax accountant can help you navigate inheritance and minimise any tax burden.
From the day after a notice of assessment has been issued, the ATO may audit property investors for between 2 and 4 years. If, however, the ATO suspects fraud, deliberate misreporting, or tax evasion, there is no time limit for how far back they may investigate and audit. All supporting financial documents must be retained for a minimum of 5 years from tax return lodgement or after a property is sold (whichever is longer). Work with a tax accountant to avoid errors and protect yourself from non-compliance.
