Rent Calculations (4)

Standard Calculator
Calculate rental income and expenses from agent’s monthly statements or from annual statements if more than one agent for the year.

Private Use
Apportion expenses for private use based on both floor area and period used. E.g. holiday homes, AirBnB, etc.

Foreign Rent
Convert foreign rental income and expenses to AUD using in-built monthly exchange rates.

Reconcile Rent
For clients with a large number of rental properties, reconcile totals at item 21 on return.

Mixed Purpose Loans (1)

Enter a summary of monthly transactions to determine interest and closing balances of each component of a single loan used for up to five separate purposes.

Reconcile closing balances with the loan statements.

Interest and regular repayments are apportioned on the basis of the component loan’s proportionate use of capital each month. 

Allocate any lump sum repayments from the sale of an asset against the balance of that component used to acquire the asset.

Borrowing Expenses (1)

Calculate the annual amounts to claim for up-front borrowing expenses. 

Amortise expenses for up to 10 loans, show unclaimed balances at year-end over the write-off period and amortise unclaimed borrowing expenses brought forward from the previous year.

PAYGW Variations (3)

Rent Estimate
Project rental income and expenses.

Interest
Estimate deductible interest on property loan(s).

Depreciation
Project depreciation for the year.