Our positioning under the Tax Agent Services Act 2009
Qubo is not a registered tax agent under the Tax Agent Services Act 2009. Calculations are for record-keeping purposes only.
The platform produces continuous calculations of property cost base, capital gains, depreciation, land tax, and rental income, for your records. It does not constitute tax advice and is not a substitute for advice from a registered tax agent.
When advice from a registered tax agent is required
For matters involving significant financial or legal consequences (including disposal of a CGT asset, restructuring of a trust, SMSF compliance breaches, or lodgement of an income tax return), the following applies:
This is general information only and does not constitute tax advice. This matter involves significant financial or legal consequences. You must seek advice from a registered tax agent before proceeding.
Finding a registered tax agent
The Tax Practitioners Board maintains a public register of every registered tax agent in Australia. You can search by name, business name, or licence number at tpb.gov.au/public-register.
What the platform does
- Tracks investment property entities, properties, transactions, loans, and documents.
- Calculates cost base, capital gains, depreciation schedules, land tax, and rental income apportionment using the rules in current ATO rulings and Australian tax legislation.
- Generates EOFY tax summaries and audit packs structured for tax-agent lodgement.
- Provides a workflow for collaboration between an investor and their registered tax agent.
What the platform does not do
- Lodge any return with the Australian Taxation Office.
- Provide tax advice (within the meaning of s90-5 of the Tax Agent Services Act 2009).
- Represent you to the Commissioner of Taxation.
- Substitute for the professional judgement of a registered tax agent or SMSF auditor.
Limitation of liability
The platform's calculations are based on the information you supply and the tax rules in effect on the as-of date of the calculation. The user is responsible for the accuracy of the information supplied. Final responsibility for the tax position taken in any income tax return lies with the lodging tax agent and the taxpayer, not with the platform.
Questions about our positioning? Email support@qubo.com.au.