The ATO (Australian Tax Office) produce a guide for property investors each year.

Rental properties 2016 will help you, as an owner of rental property in Australia, determine:

  • which rental income is assessable for tax purposes
  • which expenses are allowable deductions
  • which records you need to keep
  • what you need to know when you sell your rental property.

The guide explains:

  • how to apportion your expenses if only part of them are tax deductible
  • what expenses are not deductible
  • when you can claim those expenses that are deductible

 

A PDF copy of the guide can be downloaded from the ATO website at https://www.ato.gov.au/Forms/Rental-properties-2016/ 

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