The 20 most common expenses claimed by Property Investors

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