First FY with a property as an Asset.

Discussion in 'Accounting & Tax' started by Nic_oh, 20th Mar, 2017.

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  1. Nic_oh

    Nic_oh New Member

    Joined:
    18th Feb, 2017
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    Location:
    Ferny Hills
    Hi All,

    Has anyone got advice on how to find an accountant that will be helpful with the property side of tax including PPOR and IP awareness through having their own - namely for EOFY initially with the need to assist in future for development of portfolio structuring.

    Alternatively if anyone out there has a particularly savvy accountant they would recommend. The accountant doesn't specifically need to be Queensland but they would need to be an investor themselves as I am sure most of us who are on these forums are looking for.

    Thanks in advance to anyone out there who is willing to lend a hand.

    Nic
     
  2. wylie

    wylie Moderator Staff Member

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    Brisbane
    Sending PM.
     
    Ross Forrester and Nic_oh like this.
  3. Marg4000

    Marg4000 Well-Known Member

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    18th Jun, 2015
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    Location:
    Qld
    Don't limit yourself to an accountant who will tell you he/she owns property. Many choose not to divulge personal details.

    After all, your doctor has not necessarily suffered from every condition he/she treats you for!
    Marg
     
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    18th Jun, 2015
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    Location:
    Sydney
    And while I may have a couple of properties I have acquired the experience of hundreds of clients and a diverse approach to different way of doing things.

    Look for someone who is very strong technically, that way when things change you will be in good hands. Plenty say they know income tax and rentals and thats likley to be true but heaps dont know about tax issues when things change ie s118-192, CGT events, developer taxes, duties and land tax and issues surrounding main residence.
     
    Perthguy likes this.

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