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 lower your tax bill by claiming deductible expenses against your rental income. These costs are incurred while generating that income.
Common claims include:
- Insurance, rates, and repairs
- Property management and accountant fees
The rules for interest deductibility are being restored, with an 80% deduction planned for the 2024/25 tax year, rising to 100% from 2025/26. Due to the complexity of tax law, 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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