Renting Guide
What expenses can you claim on a rental property?
If you’re new to property investment tax can be tricky. We’ve got the answers to make it easier.
AI summary
NZ landlords can reduce taxable income by claiming expenses incurred to generate rent. Deductible expenses include:
- Insurance, rates, and repairs
- Property management and accountant fees
The rules for interest deductibility are being restored. The government is phasing it back in, with a proposed 80% deduction for 2024/25 and 100% from 2025/26. Capital expenses that improve a property's value cannot be claimed.
Given the complexity of tax laws, consulting an accountant is highly recommended.
What are deductible expenses for rental properties?
What can I claim on a rental property?
Talk to your accountant to make sure you're maximising deductions.
What about interest deductibility on my rental property?
Choosing a good accountant
Author
Discover More
‘We wanted to show off’: He built his own Lockwood home to prove what it could do
Former Lockwood boss Joe La Grouw’s 648sqm Rotorua home, built to showcase the company’s designs, is now on the market.
Famed architect built this grand Masterton home for his family of 10
Architect Charles Natusch built this grand Masterton home for his family of 10 in 1893.
Search
Other articles you might like
