radford tax logo
07 5495 4100 ◆

Records you need to keep on rental properties

Posted on February 17, 2021 by admin

When you own a rental property, keeping records is important. These will help you meet tax obligations. Generally, only individuals with their name on the title deed declare income and claim expenses. 

Remember that the records must be kept in English or should be easily translatable into English, and kept for a minimum period of 5 years. 

The records you need to keep include: 

maximise your business's value

latest news

Signs of unauthorised and mistaken transactions

Posted on February 24, 2021 by admin

When checking through your transactions, you might come across a transaction that doesn’t look right. If this is the case, you should get into contact with your bank as soon as possible. 

An unauthorised transaction: Money transferred from your account without your permission

A mistaken transaction: Paying the wrong person by using the wrong details

Here are the signs to look out for to identify unauthorised or mistaken transactions:

But keep in mind:

radford tax associationsradford tax associationsradford tax associations