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 eligible expenses. Deductible expenses typically include insurance, rates, repairs, maintenance, and property management fees. However, you cannot claim capital expenses that improve the property's value.
A significant change is the restoration of interest deductibility. This is being phased back in, with a planned 80% deduction for 2024/25 and 100% from 2025/26.
Given the complexity of tax rules, consulting a professional accountant is highly recommended.
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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