Basically during the 08/09 financial year my ppor was turned into an ip. I am just now organising my tax return and touching base with an accountant for the first time since this has happened. (yes realise this is probably a bit late but better late then never).
I called and asked what I would need and they suggested I just bring everything I had and we would go from there. I would really like to take as much as possible to get this sorted out sooner rather than later. My question is about the interest on the loan. I am assuming i need an interest statement?. Do I need to get one from the date that I i signed up with my pm or from the date the tenants signed the lease?
Also how do i work out rates and water, Can i just take in the whole years and they are able to work it out or is there something else i need to do?
I would love if someone could point me in the direction of any previous threads that this has been discussed. I have tried searching but haven't been able to come up with anything.
I called and asked what I would need and they suggested I just bring everything I had and we would go from there. I would really like to take as much as possible to get this sorted out sooner rather than later. My question is about the interest on the loan. I am assuming i need an interest statement?. Do I need to get one from the date that I i signed up with my pm or from the date the tenants signed the lease?
Also how do i work out rates and water, Can i just take in the whole years and they are able to work it out or is there something else i need to do?
I would love if someone could point me in the direction of any previous threads that this has been discussed. I have tried searching but haven't been able to come up with anything.