Rental Property Deduction

If you operate a rental property, you may be eligible to claim a range of tax-deductible expenses, provided the property is genuinely available for rent and the expenses are not paid by the tenant.

Deductible Expenses Include

-  Advertising for tenants

-  Bank charges

-  Body corporate fees

-  Cleaning

-  Council rates

-  Electricity and gas

-  Gardening and lawn mowing

-  Audio/video service charges

-  Insurance

-  Interest on loans

-  Land tax

-  Lease/legal/mortgage discharge expenses (excl. acquisition/borrowing)

-  Pest control

-  Phone rental/calls

-  Property agent fees and commissions

-  Quantity surveyor's fees

-  Tenant relocation costs (if property is unfit to occupy)

-  Repairs and maintenance

-  Building defects report (maintenance-related)

-  Bookkeeping and secretarial fees

-  Security patrols

-  Servicing costs (e.g., water heater)

-  Stationery and postage

-  Tax-related expenses

-  Travel and car expenses

-  Water charges

-  Lease document preparation

Property is Genuinely Available for Rent if:

-  It’s advertised broadly to attract tenants

-  The rental conditions are reasonable

-  Active efforts were made to seek tenants without undue restrictions

Rental expenses need to be apportioned if:

-  The property was genuinely available for rent for only part of the year

-  The property was used for private purposes for part of the year

-  Only part of the property was rented out

-  The property was rented below market value

-  Part of the loan was used for private expenses

Integrous Accounting Services

Phone: 08 9328 1019 | Mobile: 0414 300 098

Email: admin@integrousaccounting.com.au

Website: https://www.integrousaccounting.com.au

ABN: 74 684 002 104

Address: Level 3, 1060 Hay Street, West Perth, WA 6005