Rental Property

Specialist rental property accounting for New Zealand property investors

We provide expert rental property accounting services to help New Zealand property investors stay compliant, understand their numbers, and make confident decisions as their portfolios grow.
Whether you own a single rental or a large property portfolio, our team ensures your rental property accounting is accurate, tax-efficient, and aligned with current IRD requirements.

Our Rental Property Accounting Services

Our comprehensive rental property accounting services include:

Preparation of annual financial statements for rental properties
Accurate reporting of rental income and expenses
Preparation and filing of IR3, trust, company, and LTC tax returns
Advice on allowable tax deductions, including repairs, rates, and insurance
Property-by-property profit and loss reporting for better visibility
Guidance on ownership structures (individual, trust, company, or LTC)
Advice on landlord tax rules, including interest deductibility and ring-fencing
Ongoing accounting support as your property portfolio grows

FAQ's

Do I need an accountant for my rental property in NZ?

While not required, a rental property accountant ensures compliance with IRD rules, helps maximise deductions, and provides accurate financial reporting.

What expenses can I claim on a rental property?

Common deductions include rates, insurance, interest (subject to rules), repairs, and property management fees.

What is ring-fencing for rental properties?

Ring-fencing rules prevent rental losses from being offset against other income, meaning losses are carried forward.

Why Choose Our Rental Property Accounting Services

Rental property accounting in New Zealand can be complex, especially with changing tax rules and compliance requirements. We simplify the process by:

Ensuring full IRD compliance
Helping you maximise legitimate tax deductions
Providing clear insights into your property performance
Supporting smarter investment decisions

We take the complexity out of rental property accounting, so you can focus on growing your investment portfolio with confidence.

Supporting Your Property Investment Journey

We have been with Shepherd Hensman since we first started out in business in 2002 and they have been there with advice and support as our business has grown and especially as accounting technology has advanced. Our involvement in the live Beta testing, made possible through Shepherd Hensman, of the new MYOB Account Right software, has made transitioning to the latest technology seamless, and their approachable, friendly team are always on hand if questions arise

Marcelo Nunez & Emma Lowe

Wright Wool is a successful wool brokering business in Waipukurau serving the wider Hawkes Bay. We are passionate about our industry and work very hard to ensure our clients receive the highest standard of service. We also insist that our service providers are of the highest calibre and Shepherd Hensman Ltd fit very easily into this bracket. We have enjoyed a fantastic working relationship since we bought into this business. They have helped us develop our business into what it is today. Their staff are always friendly, polite and respectful. They speak in a language we can all understand and they even have a sense of humour! I would encourage any business to employ the services of SHCA as they will be assured of excellent, reliable and honest advice.

Philippa Wright Limited

I am thrilled to share our experience with Shepherd Hensman, our trusted accounting partner. Their exceptional expertise, coupled with their in-depth understanding of tax intricacies, has been an invaluable asset to me. Their team's professionalism, attention to detail, and dedication to our financial well-being truly set them apart. With Shepherd Hensman by our side, we receive top-notch financial guidance but also found incredible value for my money. I can confidently say that they have exceeded our expectations, making them an essential partner for anyone seeking expert accounting services.