Course Topics:
Financial Reporting for Rental Properties including:
- Commercial Rental vs Domestic Rental
- R&M vs Capital
- Bright Line Test
- Ring Fenced Losses
- Ownership Structures
- Property Sales
- Insulation and Healthy Home Standards
Estimated Time: 3 hours 15 minutes
- Facilitator: Edrian Paul Martin
- Facilitator: Miguel Serrano
Course Topics:
In this course, you are expected the learn:
- What is the bright-line test
- How the bright-line rule applies to residential rental properties
- How to calculate for the income of residential rental properties under the loss ring-fencing rules
- How are ring-fenced losses being calculated
Estimated Time: 4 hours
- Teacher: Miguel Serrano
Course Topics:
Income tax
- Mixed use scenarios
- Bank contributions and assessability
- Deductibility of holding costs
- Ring fencing of losses
Good and Services tax (GST)
- Change of use
- Mixed use
- Taxable v exempt v non-taxable supplies
Estimated Time: 1 hour 30 minutes
- Teacher: Miguel Serrano
Course Topics:
- How to read and consolidate the solicitor statement
- Using the H2.1 and H3.1 workpapers
- Recording Goodwill
- Recording Deposits, Pro-Rated Expenses and Legal Fees
- Assembling the property purchase journal entry
- Allocating the purchase price using property valuation
- Allocating the purchase price using book value
Estimated Time: 1 hour 30 minutes
- Teacher: Miguel Serrano
Course Topics:
- What is a Small Holdings Workpaper
- Preparing Your Template
- Supporting Documents
- Rental Income and Expenses
- NZ Dividend Income
- Recalculating Dividends
- Overseas Dividend
- Other Income and Printing Reports
Estimated Time: 3 hours
- Teacher: Miguel Serrano