Investor News

What Rental Property Deductions Can You Claim in Australia?

There are a number of rental property expenses that can be claimed as a deduction according to the Australian Taxation Office.

See the Australian Taxation Office information on

1. What you can claim as an immediate deduction.
2. What needs to be claimed over a number of years.
3. What you can’t claim.

The Tax Office website Investment Essentials has detailed fact sheets outlining what you can and can’t claim for your rental property.

These includes:

• Tax-smart investing: What Australian property investors need to know
• Tax seminars for property investors
• Income from rent
• Rental property expenses
• Rental properties – avoiding common mistakes
• Rental properties – claiming borrowing expenses
• Rental properties – claiming legal expenses
• Rental properties – claiming interest expenses
• Rental properties – claiming repairs and maintenance expenses
• Rental properties – claiming capital works deductions
• Rental properties – claiming travel expenses deductions

See ATO  Investment Essentials