Our team of experienced accountants will keep your books up to date, check your finances and help you claim your expenses back
4.9/5
Investor or developer – we’ve got you covered
Our specialists in property accounting and tax will take care of all your back office needs
Dedicated support
Personalised service and regular communication
Expert advice
We are here every step of the way, we’ve got your back
Peace of mind
Stay compliant and up to date with your obligations
All-inclusive pricing
Stop paying extra for everything
1
Book a Free consultation
Our team offers personalised services and dedicated support
2
Meet your accountant
Feel free to ask any questions you may have, we are happy to help
3
We will take care of the rest
From here, you’ll get started and can leave your books with us
Need something else? Drop us a line
Amazing company!
I really enjoyed the consultation session I had, which allows me to make a well-informed decision on setting up in Australia.
Nio Liyange
The name says it all! They helped me to register my new company in only a few hours, connected me with a free online banking solution and now they are taking care of my bookkeeping and tax compliance.
Dario Vanin
I have had the pleasure to work with the Sleek team in Australia and Singapore. I highly recommend them for a smooth onboarding process, transparent pricing and reliable accounting support. Highly recommended.
Tax, accounting and bookkeeping services at a fixed price. Check out and compare the plans or choose a bespoke solution.
We offer low-cost accounting services at a fixed rate with all included: tax, accounting and bookkeeping. Check out the plans now.
Owning an investment property in Australia has several tax implications. Rental income from the property is considered taxable income and must be reported on your tax return. You may also be eligible to claim deductions for property-related expenses such as interest on loans, council rates, repairs and maintenance, property management fees, and depreciation. Additionally, when you sell the property, you may be liable for capital gains tax on any profit made from the sale.
Negative gearing is a strategy where the expenses of owning an investment property, such as loan interest and property-related costs, exceed the rental income. This results in a net rental loss that can be offset against other taxable income, potentially reducing your overall tax liability. Negative gearing can benefit property investors by providing tax advantages and improving cash flow, particularly in the early stages of property ownership.
There are several property-related expenses that you can claim as tax deductions, subject to certain conditions and limitations. These include interest on loans, council rates, property management fees, repairs and maintenance costs, insurance premiums, and depreciation expenses. However, it is important to keep accurate records and ensure that the expenses claimed are directly related to the property and are not of a private or capital nature.
Capital gains tax (CGT) is calculated when you sell a property by determining the difference between the sale price and the original purchase price. This is then adjusted for certain costs, such as acquisition and disposal expenses, capital improvements, and eligible deductions. The resulting capital gain is included in your assessable income and taxed at your marginal tax rate. However, there are exceptions and reductions available, such as the main residence exemption if the property was your primary residence for part or all of the ownership period, and the CGT discount for properties held for longer than 12 months.
To ensure accurate reporting of property-related income and expenses, it is important to keep detailed records. This includes documents such as rental income statements, invoices for repairs and maintenance, loan statements, receipts for property-related expenses, and records of any capital improvements made to the property. Keeping organised and thorough records will help substantiate your income and deductions claims and assist in case of any ATO audit or review.
If you own property overseas, it can have tax implications in Australia. You may need to report any rental income received from the overseas property on your Australian tax return. Additionally, you may be eligible for foreign tax credits to avoid double taxation if you have paid tax on the rental income in a foreign country. The tax obligations related to overseas property can be complex, so it is advisable to seek the guidance of a tax professional who specialises in international taxation.
Renting out your property through a service like Airbnb has specific tax considerations. The rental income generated from Airbnb activities must be declared on your tax return. You can claim deductions for expenses directly related to the rental, such as advertising costs, cleaning fees, and guest amenities. However, it is important to note that the ATO has specific guidelines regarding the distinction between renting a room in your primary residence and running a business through short-term rentals. Seek professional advice to ensure you understand and comply with the tax obligations associated with renting out your property on platforms like Airbnb.
If you decide to turn your primary residence into an investment property, or vice versa, there are tax implications to consider. When you convert your primary residence into an investment property, you may trigger CGT on the property’s market value at the time of conversion. However, you may be eligible for the main residence exemption if you meet certain conditions. Conversely, if you convert an investment property into your primary residence, you may be entitled to a partial CGT exemption based on the period it was used as an investment. It is important to consult with a tax professional to understand the specific
If you inherit a property, there may be tax obligations depending on the circumstances. In Australia, when you inherit a property, you generally won’t have to pay capital gains tax (CGT) at the time of inheritance. However, if you later sell the inherited property, CGT may apply based on the property’s market value at the time of inheritance and the sale price. The CGT calculation will consider factors such as any expenses incurred during ownership, the length of time the property was held, and any available CGT exemptions or concessions. It is advisable to consult with a tax professional to accurately determine your tax obligations and understand any available exemptions or concessions.
Our services can assist you in optimising your property investments for tax purposes. We have a team of experts who specialise in property taxation and can provide tailored advice based on your specific situation. We can help you identify and maximise eligible tax deductions related to your property investments, such as rental expenses, depreciation, and loan interest. Our professionals stay up to date with the latest tax regulations and strategies, ensuring that you are fully compliant with the law while taking advantage of available tax benefits. By leveraging our expertise, you can optimise your property investments, minimise your tax liabilities, and make informed decisions that align with your financial goals.
Start a Business
Company
Tax & Accounting
Resources
Pricing
Legal policies
By founders, for fellow founders. Optimise with Sleek, and reap the benefits of digitalisation.
© 2025 Sleek acknowledges Australia’s First Nations Peoples as the Traditional Owners and Custodians of the land and gives respect to the Elders – past and present – and through them to all Aboriginal and Torres Strait Islander Peoples.
We have attained ISO27001:2013 certification. View our: Information security policy