Send us an email at info@propertytax.nz, fill out a contact us form or give us a call on 0800 Prop Tax.

How much tax you need to pay will depend on your individual circumstances.

The best way to find out is to get in touch with one of our friendly property tax specialists.

As one of the most heavily regulated areas of tax law, there are very few things you can claim in comparison to a normal business. Some of these expenses usually include:

• Rates

• Insurance and/or bodycorp

• Agent’s fees/commission and letting fees

• Repairs and maintenance that costs less than $1,000 or does not substantially improve the property

• Travel costs for inspections and repairs

• Accounting fees

• Legal fees (in most cases)

• Loan fees

• Valuation fees

• Depreciation on certain capital items

• Interest costs (in some cases)

• Other expenses such as power, water or internet where it is included in the rent (in most cases)

Please note that there are some situations where treatments may differ and therefore we recommend getting in touch before using this as tax advice.

As commercial property involves commercial parties, it is a slightly less regulated area of tax law than residential property. As a result, some of the expenses you may be able to claim include:

• Any outgoings that are included in the rent

• Interest costs

• Agent’s commissions/fees (in most cases)

• Depreciation on buildings and capital items (in some cases)

• Repairs and maintenance that costs less than $1,000 or does not substantially improve the property

• Travel costs for inspections and repairs

• Accounting fees

• Legal fees (in most cases)

• Loan fees

• Valuation fees

In many cases, rent is paid on a plus outgoings basis which means the tenants are responsible for most of the bills and pay them directly.
In these cases, many of the above expenses will not apply.

Please note that there are some situations where treatments may differ and therefore we recommend getting in touch before using this as tax advice.

Interest deductibility has remained at 100% for commercial property investors, property developers and new build purchases.

Interest deductibility is returning as of April 2024. This means that while your 2024 accounts may only claim 50% (or 0% if your property was acquired after 27 March 2021), you will be able to claim 80% of your interest expense in FY2025 and 100% in FY2026.

Please note that this is not intended to be tax advice and you should get in touch with us before using this as tax advice.

While our services are targeted towards property investors who don’t run a business and don’t require ongoing property advice, our friends at Kumar Consulting may be able to provide a more tailored service for those who are looking for a few more bells and whistles.

There are a few ways that we’re able provide rental tax returns cost-effectively such as:

• Providing most of our services online or over the phone.

• Specializing in rental property taxes.

• Only charging for the skills required in completing your particular tax return.

Our team is based in Albany, Auckland.

Our partners are selected based on our team’s personal experience as well as feedback that we receive from our clients. We also review our partners where we receive negative feedback.

Occasionally, some our partners pay us a small commission (or gift) but we don’t factor these in when choosing our partners