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09/12/14

20:38

Post #: 14434920
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Originally posted by booz ↑

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

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I like travelling expenses.

I must buy a rental up in the Whitsundays.
3 Upvote

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