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 incurred while generating rental income. These include insurance, rates, repairs, maintenance, and property management fees. Capital expenses that improve the property's value are not deductible.
The rules around interest deductibility are being restored. The government plans an 80% deduction for the 2024/25 tax year, returning to 100% from 2025/26. Given the complexity, it's wise to consult an accountant for accurate tax returns.
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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