In recent months, a significant trend has emerged among New Zealanders seeking new opportunities across the Tasman Sea. Australia, with its vast landscapes, thriving economy, and attractive job market, has become an enticing destination for ambitious Kiwis looking to jump the boat.

Amidst the downturn in the housing market, New Zealanders who have chosen to embark on their journey abroad are opting to convert their family homes into rental properties. This strategic move allows them to capitalise on the potential rent and hold for potential upswing in the housing market while serving as a contingency plan should they need to return.

Making your family home into a rental means we need to file a rental return. At BCA, we cater to a considerable clientele based in Australia, offering comprehensive assistance in completing rental tax returns.

In light of recent changes in the rules governing rental expense deductibility, we have observed an increasing number of clients seeking our expertise. With the gradual phase-out of interest deductions, Furthermore, our analysis has unveiled a notable discrepancy, with an average of 20% more eligible expenses left unclaimed in previous returns.

Thankfully, the process of managing your rental returns is streamlined through BCA’s efficient services. We make the process easy for preparing rental accounts and the IR3NR, leaving you with peace of mind as you enjoy your time overseas.

Get in touch with us today. Let BCA take care of it !