Читать книгу The Female Investor - Kate Hill - Страница 16

A great accountant will do a lot more than simply prepare your tax returns at the end of the financial year. Most people don't ask them enough questions before they do anything.

When you're buying investment properties, you'll need advice on:

 what ownership structures to buy your investment property in

 what marginal tax rate to apply to your cash‐flow calcs

 what you can and cannot claim a tax deduction on.

You should talk to your accountant about tax planning, too— it's not just about the next six months, it's about the next five years and beyond. Are you about to get married? Are you about to go on maternity leave? Are you about to change jobs? The answers to all these questions will make a difference to your property ownership and the costs of holding the property.

Get their advice and input before you start buying. Don't present them with a property that you've bought, hoping for a retrospective solution, because a seemingly simple mistake can be costly to fix.

Ideally, your accountant should also be a property investment specialist. Again, check their qualifications and whether they belong to their industry body or association, including the Property Investment Professionals of Australia (PIPA).