Deduction checklist for investment properties Below is a...

Deduction checklist for investment properties​

Below is a checklist of typical deductions directly related to rental properties that can be claimed:​

• Body Corporate Fees
• Borrowing Expenses (For example, stamp duty and legal fees on mortgage)
• Building depreciation (depending on date of construction)
• Cleaning Costs
• Council Rates
• Depreciation of fixtures and fittings (light fittings, carpets etc) Depreciation Schedule
• Insurance Costs
• Interest on loans (including interest prepaid up to 12 months in advance) and related bank charges
• Land Tax
• Pest Control Costs
• Property Agent Management Fees
• Repairs and Maintenance (excluding improvements which are treated as capital and added to the cost base of the asset for capital gains tax purposes rather than being claimed as an immediate deduction)
• Telephone, postage and stationary
• Travelling Expenses
• Water Rates

http://www.propertychoice.net.au/negative_gearing_investment_property_tax_deductions.php