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 claim certain expenses to reduce your taxable income. Deductible expenses include insurance, rates, repairs, and property management fees. Capital expenses that improve the property's value are not claimable.
The rules for interest deductibility are changing. The government is phasing it back in, with a planned 80% deduction for 2024/25 and 100% from 2025/26. Due to this complexity, seeking advice from 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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