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 related to your rental. Deductible expenses include insurance, rates, repairs, maintenance, and property management fees. Capital costs like improvements are not claimable.
The rules for interest deductibility are changing. The government is phasing it back in, with an 80% deduction planned for the 2024/25 tax year, returning to 100% from 2025/26.
Due to the complexity of tax law, it is highly recommended to consult a professional accountant.
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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