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 expenses incurred from your rental. Deductible expenses include insurance, rates, repairs, and property management fees, but not capital improvements that increase the property's value.
The rules for interest deductibility are being phased back in. The plan is for an 80% deduction in the 2024/25 tax year, increasing to 100% from 2025/26.
Given the complexity of tax laws, consulting a professional accountant is highly recommended to ensure compliance.
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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