Every year, more and more people are investing in residential rental property. When done tax effectively, property investment is a great way to maximise your future income streams and minimise your tax obligations.

Many of our accountants have made rental property investments and all of us can assist you in preparing your rental property tax return.

I have an investment property. What can I claim? How can I get myself organised?

If you have an investment property then your are required to include a rental property schedule with your income tax return. We’ve attached a blank schedule below. It shows the information categories used by the ATO to calculate your rental return.

Click here to download a blank 2008 rental property schedule

Some Typical Rental Deductions

-  Interest paid on the investment loan
-  Management fees and charges
-  Advertising for tenants
-  Council rates and taxes
-  Insurance premiums paid
-  Body corporate and strata fees
-  Repairs and maintenance
-  Depreciation on furniture and fittings

For a more exhaustive list, please contact us or register online. If you are thinking of investing in property or have a few unanswered questions then please make an appointment to see one of our friendly accountants.

We’ll be very happy to help you.

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