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Tax Deduction Checklist - Rental Property

Item

Deductible

Non- Deductible

Accounting Fees

Yes

Advertising

Yes

Agent Fees & Commissions

Yes

Bad Debts

Yes

Boarder's Costs

Yes

Body Corporate Fees

Yes

Borrowing Expenses

Yes

Choosing a
Lender

Building & Structural

Improvements

Yes

Choosing the
Right Loan

Where to Buy

Cleaning

Yes

Fixed v.
Variable Loan

What to Buy

Commissions & Management

Fees

Yes

Low Doc Loans

Depreciation

Yes

Mortgage
Insurance

Property or
Shares
Determining
Risk
Ownership
Options
Self Managed
Super Fund
Buying a
Property

When to Buy
Buyers Agents
Investing in
Property
Affordability
What Are My
Benefits

Early Termination of Lease

Payments
Electricity & Connection
Costs

Getting Finance

No
Yes

Eviction proceedings against

tenants

Costs To Buy
Tax
Implications

No

Negative
Gearing

Bank Charges

Yes

Make Your
Investment
Pay

Gardening

Yes

Capital Gains
Tax

Gas

Yes

Income Tax

Capital
Growth

Head Rental*

Yes

Tax Variations

Insurance

Yes

Interest

Yes

Deductable
Expenses

Land Tax

Yes

Lease Incentives

Yes

Yields
Property
Management
Rental Income

Lease Premium

Tax Deduction
Checklist
Tax Refund
No

12/02/2011

Page 2 of 2

Landlord
Insurance
Fees &
Services
Tenants
DIY Property
Management
Forms for
Tenants
API Property
Management

Lease Surrender Payments

No

Legal Fees not associated

with eviction

Yes

Mortgage Insurance

Yes

Municipal Rates & Taxes

Yes

Office Supplies

Yes

Postage

Yes

Repairs excluding initial

repairs

Yes

Security

Yes

Solicitor Disbursements

Yes

Telephone

Yes

Travel

Yes

Water

Yes

Pre purchase travel

expenses for properties not
purchased

Getting Ready
For Tax
Depreciation
Schedules
Quantity
Surveyors
Cash Flow
Analysis

No

* Where landlord is lessee rather than owner and is sub-leasing

the property to another rent-paying tenant.
If you have any questions regarding tax deductions, for a
small fee of $49.50 you will get our professional opinion on the
concerns you may have.
If you have a question or would like our opinion
on any matter relating to Property Investment

Click Here
Disclaimer
We do not accept liability for any loss or damage as a result of
any reason whatsoever. We may give you our opinion but it
must not be confused with professional advice. If you intend to
rely on any opinion we give, you must first get independent
advice from an Accountant or Solicitor. Thank you.

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will enable and encourage you to invest in property again.
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12/02/2011