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The 20 most common expenses claimed by Property Investors

Marcel Dybner

· Real Estate Blog,Property Tax,Property Investment,Landlord Tips,Property Blog

If you own an investment property, it’s important to know what you can and can’t claim during tax time. For most investors, the tax benefits are one of the primary reasons they decided to invest in Real Estate.

Although some of you may decide to do your own tax returns, I always recommend that you speak to an accountant to make sure you’re aware of everything you should be claiming.

Here's a list of the 20 most commonly claimed expenses by Property Investors:

  1. Council Rates
  2. Water charges
  3. Interest on loan(s)
  4. Insurance                                      
  5. Repairs and maintenance
  6. Property Agent fees/commission
  7. Plant depreciation
  8. Sundry rental expenses
  9. Capital works deduction
  10. Stationary, telephone and postage
  11. Body Corporate Fees
  12. Travel expenses
  13. Borrowing Expenses
  14. Land tax
  15. Gardening/lawn mowing
  16. Cleaning Expenses
  17. Advertising for Tenants
  18. Pest Control
  19. Legal Fees
  20. Tribunal Expenses
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