Australian Rental Property and CGT Schedules
AIMS Australia Tax Accountants prepares and, where agreed, reconstructs Australian rental property
schedules and property CGT schedules for Australian residents, foreign resident property owners and
overseas investors.
The work may include income and expense classification, borrowing costs, capital works, decline in
value of depreciating assets, ownership and private-use apportionment, acquisition and disposal
records, cost-base calculations, property-sale CGT and prior-year corrections.
Compliance note
Rental and CGT schedules must be prepared from the available records and supporting evidence.
Expenses may require classification between immediate deductions, borrowing costs, capital works,
decline in value or cost base. Apportionment may also be required for private use, joint ownership or
periods when the property was not rented or genuinely available for rent. Where records are
incomplete, further clarification, reconstruction or third-party evidence may be required before a
supportable position can be prepared.
Matters We Commonly Review
Rental income and expense schedules
Loan interest and borrowing costs
Repairs and maintenance
Capital works and decline in value of depreciating assets
Ownership history and apportionment
Acquisition and disposal records
Cost-base calculations
CGT schedules for property sales
Foreign resident capital gains withholding records and credits, where applicable
Amendments to prior-year rental property returns
Start with a Preliminary Enquiry
Provide a concise summary of your situation through the Initial Tax Enquiry Form. Do not include TFNs, passport numbers, bank account details or other highly sensitive identifiers.
