If you receive rental income form single or multiple properties, you need to keep a record of all your income and expenses so you can calculate your net profit or loss and file a tax return at the end of the year.
We help you with advice and expertise and ensure that you are entitled to all deductible expenses.
Some of the deductible expenses include:
- Interest paid on money borrowed to finance the property
- Agents fees and commission
- Accountants fee
- Motor vehicle and travel expenses
- Legal fees – subject to limits etc.
Check out this 2 minute IRD video!