Do you have an investment property that is rented out during the financial year?

• Property address:
• Purchase date:
• Purchase price:
• Your ownership share (%). The other owner’s name(s) & share %.
• The first date that the property was rented:
• Total number of weeks the property “available to rent”:
• Do you receive a real estate agency’s “end of year financial statement”?
• If youIncome includes: manage the property by yourself, you will be able provide summaries for all income and expenses related to the rental property.
• Do you have a “depreciation schedule”? Please provide a copy from a licensed quantity surveyor if you have one.

Income includes:

• Rental income (if it is commercial, excluding GST)
• Water usages paid by the tenants
• Bond refund collected by the landlord after tenant vacates
• Insurance payouts
• Other re-imbursed payments

• advertising for tenants
• bank fees
• strata levies
• cleaning costs
• council rates
• water rates
• gardening and lawn mowing
• insurance – building, contents and public liability
• interest expenses
• land tax
• pest control
• phone
• property agent fees and commissions
• repairs and maintenance
• stationery and postage
• borrowing expenses (claim over 5 years)
• the decline in value of depreciating assets & capital work
• Other Useful references:
  • Click here to see the changes in Depreciation Rules from 7:30pm 9 May 2017
  • ATO link for a rental property BOOKLET: https://www.ato.gov.au/uploadedFiles/Content/IND/Downloads/Rental-properties-2021.pdf