A professional business relationship with a qualified property accountant experienced in LAQC formation, property partnerships, tax minimisation and property investment planning is vital if you're serious about long-term net profitability as a property investor.

In fact, you'll end up SAVING TIME AND MONEY by selecting one of the highly qualified property accountants from our specialist panel.

 What to expect from your meeting with the accountant?

Typically, at your first meeting you'll spend 30 - 45 minutes listening and learning about all the various financial, accounting, company structure and tax issues associated with investment property ownership.

Even if you're a raw "newbie" when it comes to dealing with accountants, you'll come out with a wealth of knowledge by the end of this first meeting.

 LAQC, Partnership or Joint Names?

The ideal entity or legal structure with which you should purchase your investment property is a decision that should be left up to your accountant. There are far too many factors involved to "second guess" what the RIGHT ownership structure should be.

However, in accordance with current IRD legislation - particularly if one of you is in the top tax bracket - it is more than likely your accountant will suggest the formation of an LAQC (Loss Attributing Qualifying Company).

How to pre-prepare for your accountant

If an LAQC is the preferred property ownership vehicle, it'll need a company name. Think of at least three prospective names, then list them in descending order, with your most preferred name at the top.

Email or telephone this list through to your property accountant two to three days prior to your meeting. This will allow him or her to complete a company name search and begin forming your LAQC immediately.

 

0508 4 COMPASS (0508 426 672)
 property accountant