PROPERTY ACCOUNTANTS & TAX ADVICE

Love property, so do we !

Accountants who advise on all things to do with Property.

If you’re starting or undertaking property development as your primary business, we understand your needs!

Gartly Advisory and Geoff Gartly specialises as Property Accountants for those developing , holding or selling property

We have assisted small to medium developers, property holders and families with their strategic property planning in areas such as:

  • Subdivision of your property and taxation implications
  • Rural land development
  • Sale of inherited dwellings
  • Sale of rental properties
  • Change of property use to build, keep and sell
  • Holding properties in Trusts

Property development and holdings come in all forms . Lets set out your strategy . Often this is looking at your holdings

Property tax and change-of-use rules can create significant capital gains tax, GST and income tax consequences. Specialist property tax advice can help you avoid costly mistakes and plan ahead.

Property investment is not “set and forget”. Like any wealth-building strategy, it requires regular review, careful tax planning and ongoing management to protect and grow your wealth.

Gartly Advisory Accountants Property Accountants

As a property accountant we know what needs to be looked at.

Property & Tax Strategy

Part of my role as your property accountant is to help you in developing your strategy. The strategy can include areas such as :

  • Gst impacts on the property
  • Keep or sell
  • Am I a property developer
  • Capital Gains Tax
  • Utilizing the small business concessions for some properties such as factories, farms, motels and caravan parks
  • Consequences of inheritance
  • Do I need a valuation
  • Cashflow and development planning
  • Long term business strategy as a property developer

Things are changing in 2026 – new tax laws , roadblocks and opportunities. Accountants that think strategy not just tell you the pain!

Planning, Tax & Cash Flow

Our philosophy is based on planning. Tax & cash flow from property development sales are the most significant impacts on any development or sale of property.

Many of our clients have inherited property , some may wish to develop their businesspremises and look strategies around tax savings , use of a family trust or SMSF structure. We work with you to think about the issues and to take a long term range of your property value, taxes and use.

Many clients are unaware of the Capital Gains Tax implications surrounding their home and estate planning. Capital Gains Tax can be planned for, and we recommend that you discuss your strategy with Geoff. Many taxpayers will be sitting on substantial gains. If your business holds business real property, there may be an opportunity to explore transferring or selling to your SMSF.

Engaging with us as your Property Accountant

Need an accountant that can provide you answers We welcome you to contact us and enjoy an initial zoom to understand your future plans and developments.

The following are trusted advisers that we recommend when you need property help with various matters to do with real estate.

CGT Valuations for Tax purposes
For many Capital Gains matters, it is essential to organise a professional valuation that can provide you a cost base. Typical this may be needed when you are determining a value for a non-related transaction, change of use, estate planning, divorce or upon death.

https://www.insightproperty.com.au/

BMT property capital allowance schedule
Property, new or old, can, in many cases, obtain additional tax deductions based on the building and fixtures. A Tax Depreciation Schedule is a comprehensive report that outlines a property’s historical construction costs and asset values, as well as an annual value for their depreciation due to ageing and wearing out. A Tax Depreciation Schedule can also be called a Capital Allowance and Tax Depreciation Schedule. These guys do a great job:

https://www.bmtqs.com.au/

Lawyers who understand land and transactions associated with the property:
Brett understands the intricacies of Property and is highly recommended when it comes to property law.

https://haytonkosky.com.au/

Changing your principal residence – notifying Victoria State Revenue
Sometimes you may choose to elect to move from your home in the city to your holiday home. Under Australian Taxation Law, you are only allowed one property to be nominated as your PPR – Primary residence to be exempt from Capital Gains Tax. In doing so, you may need to update the rates and land tax details – follow this link for more details.

https://www.sro.vic.gov.au/pprexempt

Very responsive to enquiries. Have clear timeline expectation for return. First year of navigating investment property and felt well advised.

Karen Matthiesson