Property Tax Consulting Services
If you wish to speak to a chartered property tax accountant in Melbourne about a property you own, make Everest Tax & Property your first choice. Our property tax experts combine their experience and knowledge of property acquisition and development with their experience of property purchase tax, property development tax and accounting, providing a unique service that will help you to grow your property portfolio and create wealth.
Everest’s team has over 40 years of experience in tax advisory and hands-on property investment and development, giving us the knowledge to assist you in your next property acquisition or development. We have vast knowledge of all laws and regulations relating to property tax in Victoria and other states and territories of Australia, helping clients throughout the country to adhere to property tax requirements.
Our Services
- Structured property selection
- Property development financial feasibility studies
- Property portfolio strategic analysis
- Tax efficient structures, such as negative gearing
1. Structured Property Selection
Why use our property tax consulting service? We all have our thoughts on how to select property. The old adage is, “No two properties are the same”, and each property has its own unique characteristics. In our changing world, property laws, tax laws and society are all constantly evolving and impacting the value of property. Property is a long-term and substantial investment no one wants to get it wrong. You make your profit when you purchase a property. We use a structured analytic approach in selecting a property for investment or development, evaluating the physical and legal characteristics and other dynamic attributes to determine value as well as comparing the property with similar properties.
This analysis applies to residential, commercial and industrial properties, amongst other property types, and takes into account all factors relating to tax on purchase of property.
Our fee for service is based on our hourly rates and we can provide a fee estimate on request.
Our fee for service is based on our hourly rates and we can provide a fee estimate on request.
2. Property Development Feasibility
Property development is highly lucrative, and at the same time, highly risky. The high rate of failure can be traced back to inexperience and the failure to plan and to seek professional advice prior to embarking on the development project.
We use our knowledge and experience of over 40 years in property development tax and accounting and our hands-on experience in property development to help you be successful in your next project. We have a network of planners, builders and real estate agents who can assist with your development project.
Our property development tax services include:
- Preparation of a preliminary financial feasibility analysis and advice on the prospect of success of the property
- Due diligence and identifying the risks and opportunities of the project
- Preparation of submissions for finance for the project
- Preparation of an Information Memorandum if required for your investment partners (not a prospectus)
- Preparation of a dynamic cash flow forecast that is regularly updated during the life of the project
- Establishment of the most effective structure for the development, weighing the commercial considerations, asset protection and tax consequences of the project
- Financial and development management of the project from start to finish
3. Property Portfolio Strategic Analysis
Our strategic property analysis and advice service can assist clients to improve the performance of their property or portfolio. This includes conducting independent assessments, reviewing leasing and financing strategies, and providing advice on how to enhance performance. The service also offers due diligence on property developments or joint venture partners, assistance with the sales process, and reviewing or structuring property investment products. We can manage any or all of these elements to help clients achieve a successful outcome.
4. Tax Efficient Structures
Tax-efficient structures for an investment property include:
Self-Managed Superannuation Funds (SMSFs): SMSFs are a popular structure for investing in property as they offer several tax advantages, including a concessional tax rate of 15% on rental income and capital gains, and the ability to borrow money to invest in property.
Trusts: Trusts are a common structure for holding investment property in Australia, particularly family trusts. They can provide tax advantages such as the ability to distribute income and capital gains to beneficiaries in lower tax brackets.
Company: Holding property through a company can provide tax advantages such as the ability to offset rental losses against profits from other business activities.
It’s important to note that the most tax-efficient structure will depend on individual circumstances. Please contact our property accountant in Melbourne for rental income and capital gains tax advice.
Our fee for service is a fixed amount and our property tax accountant in Melbourne can provide a fee estimate on request.
Enquire Today
Call Everest Tax & Property today on (03) 9467 3844 or contact us online to ask about the effective property advisory services our Melbourne firm can offer you.