Rental property accountant in Auckland

Clear records for each property

A property manager's statement is a useful starting point, but it may not include costs you paid directly. We help bring the records together so your rental accounts reflect both the rent received and the relevant expenses.

• Rental income and expense summaries for each property.
• Preparation of rental tax return information.
• Review of asset records and relevant depreciation schedules.
• Questions about changes in ownership, a purchase or sale, and information needed for your return.

Tell Mohit if the property has private use, short-stay accommodation, multiple owners, or is held through a company or trust. Those details help establish the scope before work starts.

Rental accounting fees

Our published property rental tax return add-on is $450 + GST per property per year, available on any accounting plan. It is billed annually, separately from the monthly plan fee.

If you only need rental work, or have several properties or overdue returns, ask Mohit to confirm a suitable scope and quote. View the monthly plans and rental add-on.

Rental records to gather

• Property manager statements or your own rent received records.
• Bank statements and invoices for expenses paid directly.
• Loan agreements and lender statements separating interest from repayments.
• Tenancy agreements and details of ownership or changes during the year.
• Asset purchase receipts and any previous asset schedules.
• For short stays, records of rented nights, private use and periods available for rent.

This is a preparation list, not a list of guaranteed deductions. Keep the supporting documents so the treatment of each item can be checked.

Questions from rental property owners

Can you help with just one rental?

Yes. The rental accounting service covers owners with a single property as well as small portfolios. Explain what you own and whether you already have an accounting plan when you enquire.

Does a property manager handle all my tax records?

Their statements show the transactions they manage. You may also need to provide records for borrowing, insurance or other costs paid outside the manager's account.

How long should I keep rental records?

IRD requires rental records to be kept for at least seven years, including after you stop renting the property. Retain the documents supporting your income, expenses and calculations.

Can we meet locally?

TaxSpace is based at 65 Central Park Drive, Henderson. Book a free consultation to arrange how you would like to work together.