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.

Find Out More

Looking For A Property Manager?

We’ve been managing property in Brisbane’s Inner South since 1977.

With industry leading innovation, a can do attitude, unprecedented property management knowledge and a six-star service mindset, we want to be an important part of your investment journey.

Find Out More

More Landlord Insights

Qld Govt COVID-19 Tenancy Laws Have Passed

As of today, the Queensland Government has passed legislation relating to residential tenancies impacted by the COVID-19 pandemic. The laws have not commenced yet but are to be backdated until 29 March 2020. The Government [...]

COVID-19 Update For Property Investors

Calls and emails to our office from property owners and tenants have increased significantly in the last few days. We're fielding a range of enquiries, we hope the following information assists.   Rent Payments An [...]

Investment Property Damage FAQs

One of the unfortunate realities of investing in real estate is the damage that can occur to your property, and the unexpected expenses that arise as a result. Even good tenants can accidentally damage your [...]

Load More Posts