Tax return checklist for rental properties

 

 

DEDUCTIONS

☐ Accounting fees

☐ Advertising for tenants

☐ Agent fees and commissions

☐ Bank charges

☐ Body corporate fees

☐ Cleaning

☐ Council rates

☐ Depreciation and Capital Works Deductions

☐ Electricity and gas

☐ Gardening and lawn mowing

☐ Insurance – landlords, building, contents, public liability

☐ Interest on loan

☐ Land tax

☐ Legal fees (related to managing property, not on purchase/sale)

☐ Lease costs – preparation, registration, stamp duty

☐ Mortgage discharge expenses

☐ Pest control

☐ Repairs & Maintenance

☐ Quantity surveyor’s fees

☐ Security

☐ Stationery, postage

☐ Telephone

☐ Water charges

​

OTHER INFORMATION

☐ Property address

☐ How many weeks in this year it was rented

☐ Purchase price and date (for capital gains tax purposes)

☐ Stamp duty, legal fees, advertising, building inspection fees, agent commissions (for capital gains tax purposes)

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