{"id":3703,"date":"2022-02-05T10:10:41","date_gmt":"2022-02-04T22:10:41","guid":{"rendered":"https:\/\/www.bdsaccountants.co.nz\/?p=3703"},"modified":"2022-02-05T10:52:54","modified_gmt":"2022-02-04T22:52:54","slug":"residential-investment-property-what-you-can-claim-for","status":"publish","type":"post","link":"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for","title":{"rendered":"Residential investment property: what you can claim for"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>If you\u2019ve invested in residential property, you may be scratching your head over whether recent tax changes affect you.<br \/>\nIf you borrowed to acquire residential property before March 27, 2021, interest deductions will be phased out over the next<br \/>\nthree years. If you bought on or after March 27, 2021, you won\u2019t be allowed to deduct interest incurred after October 1, 2021.<br \/>\nThere are exemptions to this \u2013 call us if you\u2019re not sure.<\/p>\n<p>Wondering if it\u2019s worth claiming for operating expenses like vehicle costs when you travel to your rental property?<br \/>\nIt all adds up, so here\u2019s what you can claim for:<\/p>\n<ul>\n<li>repairs and maintenance (but not renovations that substantially improve the value of the property)<\/li>\n<li>professional services fees, like accountants, lawyers, or property managers\u2019 rates and insurance<\/li>\n<li>mortgage repayment insurance<\/li>\n<li>vehicle and travel expenses<\/li>\n<li>depreciation on capital expenses, like whiteware, appliances, or heat pumps<\/li>\n<li>legal fees involved in buying a rental property if the expense is $10,000 or less.<\/li>\n<\/ul>\n<p>REMEMBER:<\/p>\n<ul>\n<li>If you\u2019ve taken out a loan for a business purpose, e.g., to buy a new business asset, and the loan is secured against<br \/>\na residential rental property, you\u2019ll still be able to claim the interest as an expense.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; If you\u2019ve invested in residential property, you may be scratching your head over whether recent tax changes affect you. If you borrowed to acquire residential property before March 27, 2021, interest deductions will be phased out over the next three years. If you bought on or after March 27, 2021, you won\u2019t be allowed &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[489],"tags":[506,505,89,504,43,40],"yst_prominent_words":[165,287,336],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Residential investment property: what you can claim for - BDS Chartered Accountants<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residential investment property: what you can claim for - BDS Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"&nbsp; If you\u2019ve invested in residential property, you may be scratching your head over whether recent tax changes affect you. If you borrowed to acquire residential property before March 27, 2021, interest deductions will be phased out over the next three years. If you bought on or after March 27, 2021, you won\u2019t be allowed &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for\" \/>\n<meta property=\"og:site_name\" content=\"BDS Chartered Accountants\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-04T22:10:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-04T22:52:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2019\/08\/accelerate-oct3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"769\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#website\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/\",\"name\":\"Buzarco\",\"description\":\"The Key To Unlocking Your Potential\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.bdsaccountants.co.nz\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2019\/08\/accelerate-oct3.jpg\",\"width\":1024,\"height\":769},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for#webpage\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for\",\"name\":\"Residential investment property: what you can claim for - BDS Chartered Accountants\",\"isPartOf\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for#primaryimage\"},\"datePublished\":\"2022-02-04T22:10:41+00:00\",\"dateModified\":\"2022-02-04T22:52:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#\/schema\/person\/1bd0b0b0493ee1ab43cf221086d8c1e3\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bdsaccountants.co.nz\/insights\/residential-investment-property-what-you-can-claim-for\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#\/schema\/person\/1bd0b0b0493ee1ab43cf221086d8c1e3\",\"name\":\"admin\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/3703"}],"collection":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/comments?post=3703"}],"version-history":[{"count":2,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/3703\/revisions"}],"predecessor-version":[{"id":3707,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/3703\/revisions\/3707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/media\/2289"}],"wp:attachment":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/media?parent=3703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/categories?post=3703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/tags?post=3703"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/yst_prominent_words?post=3703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}