Property Investment Expenses That Can Be Claimed Immediately

As an investor in residential rental properties, you can generally claim an immediate deduction on a number of expenses related to the management of your property.

The ATO supplies a list of items that you may be able to claim an immediate deduction on including:

  • advertising for tenants
  • body corporate fees and charges
  • council rates
  • water charges
  • land tax
  • cleaning
  • gardening and lawn mowing
  • pest control
  • insurance (building, contents, public liability)
  • interest expenses
  • property agent’s fees and commission
  • repairs and maintenance
  • some legal expenses
  • travel undertaken to inspect the property, to collect the rent or for maintenance.

 

The ATO website provides some excellent information and guidelines for property investors.

Les Charleston

07 3087 9774

Marie McMenemy

07 3087 9770

Inner South Brisbane's most experienced opinion

Marie McMenemy & Les Charleston live and breathe Brisbane investment property.

Working closely with property investors for more than 30 years, no one understands our local market better. Period.

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