![]() What records do you need to keep for your rental* property? Here is a general guide. Note that this list assumes you are using a property manager. All costs are for the 12 months preceding 31 March: RENTAL PROPERTY
HOME OFFICE In our view, Home Office expenses can be claimed if you have rental property; however, as it is generally passive income (unless you are managing the properties yourself) we recommend a conservative claim, as follows:
MORTGAGE/S INFORMATION For the rental property:
If you'd like a downloadable copy, please see below. Why keep good records? The better your records, the more expenses can be legitimately claimed, and the better the tax result is for you. ![]()
* For guidelines on Business Expenses (non-rental property) please see this page. Other FAQs you might have: USING ACCOUNTANCYONLINE.CO.NZ/MY TAX QUESTIONNAIRE HOW DO I DOWNLOAD TRANSACTIONS FROM MY BANK'S ONLINE INTERNET BANKING? WHAT IS XERO.COM? WHAT'S THE PROCESS FOR MY TAX RETURNS? The IRD provides a guide here under the heading "Deductions You Can and Can't Claim." Please remember, all advice given is to be taken in the light of our disclaimer. Image courtesy of patpitchaya at FreeDigitalPhotos.net
Garreth Collard
2/5/2014 05:04:13 am
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