If you have an investment property then your are required to include a rental property schedule with your income tax return.
We’ve attached a blank schedule below. It shows the information categories used by the ATO to calculate your rental return.
Download a blank rental property schedule
What can I claim?
Taxpayers with rental properties incur a number of expenses. Most of these are completely tax deductible. These expenses include:
Interest paid on the investment loan - Management fees and charges
- Advertising for tenants
- Council rates and taxes
- Insurance premiums paid
- Body corporate and strata fees
- Repairs and maintenance
- Depreciation on furniture and fittings
For a more exhaustive list, please contact us or register online. If you are thinking of investing in property or have a few unanswered questions then please make an appointment to see one of our friendly accountants.
Don’t forget to ask us how a depreciation report could save you thousands of dollars in tax every year
If you are considering investing in property or have already purchased an investment property then we are the perfect tax accountants for you. Most of us have invested in property ourselves and we are more than happy to help you maximise your returns.
Appointments: please call (08) 9400 8400
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