You should be looking for a property accountant who deals regularly with clients who have large property portfolios, and are used to dealing with property specific transactions to help you get the most out of your investments. You need to be confident that they have a deep – and current! – knowledge of property tax.
How do I find a good accountant in Australia?
Go to an association like CPA Australia, the Institute of Chartered Accountants Australia or the Institute of Public Accountants and find a professional accountant with a public practice certificate. There’s nothing like word-of-mouth referrals to find a good accountant in your area.
What should I ask my accountant about buying a property?
Say if the property is more of a negative viewing, if the property is more sort of your tax benefit that we’re sort of expecting, buy that on the higher income earner so you get more tax benefits. But it depends what you’re doing with that property, right.
Who is the accountant on the Smart property show?
In this episode of The Smart Property Investment Show, Phil is joined again by accountant Munzurul Khan to go through the questions you may consider discussing with your accountant and the questions you’re too embarrassed to ask.
What are some good questions to ask your accountant?
So what you must do, is that before you sort of sign away any contract, you must speak to your Accountant saying, “You Mr. Accountant, Ms. Accountant, based on my circumstances, what would be the best Structure that I sort of purchase?” So just to give you a few examples as an example, is that someone is buying the principal place of residence.
How to ask questions about smart property investment?
If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights! Displayed next to your comments. Smart Property Investment encourages respectful, challenging and constructive debate.
