Taxation

Direct property is an excellent tax effective investment and a significant percentage of all forecasted expenses are tax deductible for investors.

MIA and our association of professional service providers ensure each property produces maximum tax benefits for the investor through a series of processes in accordance to the Australian tax rulings. These critical tax benefits help increase the investor’s net income which alongside rental incomes assists in funding the investment long term.

MIA coordinates a depreciation schedule, cash flow analysis, and the document preparation, completion and lodgement of annual Income Tax Withholding Variation (ITWV) forms and Tax Returns for the Investor with our preferred tax effective investment specialist accountant, Wood Accounting each year. A critical part of the product, the effective administration of these tax items ensures the Investor receives property generated tax benefits by way of increased net income in each pay cycle.

Wood Accounting

Wood Accounting is a public practice accounting firm specialising in tax compliance for small to medium businesses, individuals and investors.  

Based in Sydney, NSW the firm provides specialised accounting and tax expertise to a diverse range of small business, individual and investment clients across Australia. As the preferred accounting and taxation service provider for Merlot, Wood Accounting delivers the following services to property investors (alongside our other small business tax services):

  • Income tax returns and Income Tax Withholding Variation lodgement,
  • Capital gains tax advice on the sale of investments such as shares and property,
  • Advice on deductions you can claim as an individual and investor,
  • Strategic taxation advice on investment portfolios.

Ben Wood B Comm, PNA – Director

Ben has been a Sutherland Shire resident all of his life. After graduating from Caringbah High School, Ben began his accounting studies at Wollongong University. He began working in accounting during his 2nd year of university to gain hands on experience and continues to succeed in his chosen career.