Owning a rental property in New Zealand can be a rewarding investment, but managing the financial side is often complex. From rental income accounting for residential and commercial property investments to navigating tax on rental income in NZ, the team at Drumm Nevatt & Associates are here to simplify the process.
Effortless Accounting for Rental Properties
We provide expert rental property accounting services tailored to make your landlord experience smooth and stress-free.
Clear, Friendly Guidance
Say goodbye to financial confusion! Our friendly team of rental property tax accountants ensures you understand your property’s financial standing without the stress. We break down complex numbers into simple, practical insights.
Customised Solutions for Landlords
Whether you’re an experienced investor or just starting with your first property, we provide accounting for a rental property in NZ that suits your unique needs. From rental property tax accounting to maximising your rental property deductions, we ensure you stay on top of all financial aspects.
Hassle-Free Bookkeeping
We streamline your rental property accounting, keeping track of income, expenses, and interest deductibility on your rental property. Our efficient bookkeeping services help you maintain compliance while freeing up more time to focus on expanding your property portfolio.
Our Rental Property Accounting Services
- Comprehensive Income Tracking – We ensure all your rental income is recorded accurately, making tax time easy and helping you optimise your returns.
- Expense Management – Never miss a rental property deduction! We help you track and categorise expenses, so you can take advantage of every tax benefit.
- Tax Management & Compliance – We handle everything from annual tax returns to ensuring compliance with tax laws, helping you minimise tax on rental income in NZ.
- GST Accounting – We manage GST requirements for rental properties where applicable, ensuring compliance and financial accuracy.
- IRD Audits & Reviews – Our team supports you in case of IRD audits or tax reviews, ensuring you have the right documentation and expert guidance.
Experience Stress-Free Rental Property Accounting
Join the Drumm Nevatt & Associates family and let us take care of the numbers while you focus on growing your property investment.
Contact us today to discuss how we can support your rental property accounting needs.
Beyond Rental Property Accounting
At Drumm Nevatt & Associates, we do more than just rental property tax accounting. We also offer:
- Chartered Accountant Accounting Services – Stay compliant and optimise your tax structure.
- Business Start-Up Advice – Get expert insights on structuring and launching your business the right way.
- Business Budgeting Services – Plan and manage your business finances effectively for long-term success.
- Business Development & Coaching – Grow your business with strategic insights and support.
- Cashflow Management & Forecasting – Gain clarity over your financial future.
- Estate & Trust Management – Expert guidance on managing assets and wealth transfer.
- Management & Business Reporting – Get the financial insights you need for smarter decision-making.
- Technology & Software Setup & Training – We help implement efficient accounting software solutions.
Questions?
Here are some Frequently Asked Questions about Rental Property Accounting in NZ.
If you don’t find the answers you need, just give us a call – we’ll be happy to help.
What is the tax rate on rental income in NZ?
Rental income is taxed at your personal income tax rate, which ranges from 10.5% to 39% depending on your total taxable income. (If you’d like to learn more about how rental income is taxed in NZ, check out our article – Tax on Rental Income NZ: A Guide for Landlords).
Do I need an accountant for my rental property?
While it’s not a legal requirement, a rental property tax accountant helps you maximise deductions, stay compliant, and manage complex tax laws effectively. You can also be granted an extension on your filing date while signed up to a tax agent.
What rental property deductions can I claim?
You can claim expenses such as property management fees, insurance, mortgage interest (subject to interest deductibility rental property rules), rates, maintenance costs and depreciation of certain rental chattel/assets. If you’d like to learn more about rental property deductions, check out our article – Tax on Rental Income NZ: A Guide for Landlords.
Are rental property expenses tax-deductible?
Yes, many expenses related to managing and maintaining a rental property are tax-deductible, helping to reduce your taxable income. (If you’d like to learn more about rental property deductions, check out our article – Tax on Rental Income NZ: A Guide for Landlords).
What is interest deductibility for rental properties?
Interest deductibility refers to the portion of rental property mortgage interest that can be claimed as an expense. The rules on interest deductibility for rental properties have changed recently. Our team can help you navigate these changes and ensure you make the most of any allowable deductions.
Get your rental property finances sorted!
Contact us now to schedule a consultation and take the first step towards stress-free, friendly rental property accounting experience.
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