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
As a landlord, you can reduce your taxable income by claiming deductible expenses. These include costs like insurance, rates, repairs, maintenance, and property management fees. However, you cannot claim capital expenses that improve the property's value.
The rules for interest deductibility are being phased back in, with a planned 60% deduction for 2023/24, rising to 100% from 2025/26. Given the complexity of tax laws, consulting a professional accountant is highly recommended to ensure compliance and maximize your claims.
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
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