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 against your rental income. Deductible expenses include insurance, rates, repairs, maintenance, and property management fees. Capital expenses that improve the property's value are not deductible.
The rules for interest deductibility are being restored, with a plan for a 60% deduction in 2023/24, rising to 100% from 2025/26. Due to the complexity of tax laws, consulting an 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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