Accounting Services - Property Investment

Property Investment can be a rewarding experience. With the right advice you can ensure that your investment is working hard to bring you the maximum returns that you are eligible for. As a regular contributor to Your Investment Property magazine, Quinns are extremely experienced in providing accounting, taxation and legal advice in relation to property investment.

Tax plays a big part in investment properties and having a proactive tax agent can make a big difference to the ongoing costs and liabilities as well as the capital gain.

One investment strategy option is negative gearing your properties. Negative gearing can be briefly explained as paying more in interest than you receive in income from your investment. At the end of the financial year you are able to claim a deduction for the interest that you have paid so essentially you will still be making a small profit margin over the course of the year. However, from week to week, or month to month you will be operating at a loss. For those that are in a financial position to bear the costs throughout the year this may be a viable investment option. Negative gearing is obviously not for everyone which is why it is important to seek advice for your specific situation before making any significant financial decisions.

Rental Expenses - What can be claimed?

You can claim a deduction for some of the expenses you incur for the period your property is rented or is available for rent. However, you cannot claim expenses of a capital or private nature. When you claim a deduction for expenses incurred in gaining your gross assessable rental income, there may be situations where the expenses need to be apportioned between deductible and non-deductible expenses.

If you have property which does not earn income such as vacant land or an unoccupied building, it is usually difficult to claim the expenses as tax deductions as no income is being earned.

There are many aspects to be considered in regards to property investment such as claiming expenses and other tax considerations and obligations, many of which are discussed in our regular contributions to Your Investment Property magazine. You can read the collection of recently featured articles by visiting our Editorial Features page.

Contact The Quinn Group for more information on getting the most out of your investment property and legally minimising your tax. Submit an online enquiry form or call 1300 QUINNS or on +61 2 9223 9166.

The Quinn Group - Providing the Total Solution

As both a legal and accounting firm The Quinn Group are able to offer business legal and accounting services in one location. Visit our Business Legal Services page to see our range of legal services available to your business.

Visit our Personal Accounting Services page for more information on the wide range of Accounting Services that The Quinn Group can provide to you as an individual.

View all our office locations to find The Quinn Group office nearest you, or call us on

1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.

Whilst we have 5 offices located in Sydney, we are also able to meet you at location convenient for you. Additionally, we have web and teleconferencing available for regional, interstate or international clients.