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
New Zealand landlords can reduce their taxable income by claiming deductible expenses incurred while generating rental income.
Common claims include:
- Insurance, rates, and legal fees
- Repairs and maintenance
- Property management and accountant fees
A key change is the restoration of interest deductibility, with a planned 60% deduction for 2023/24, rising to 100% from 2025/26. Given the complexity of tax rules, seeking advice from a professional accountant is crucial to ensure compliance and maximize savings.
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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