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

What About Pets At Your Investment Property?

Approximately 63% of Australians own pets, making us one of the world’s leading countries in pet ownership. Given these growing numbers, it’s worth considering making your property available to tenants who are pet owners. The [...]

Routine Inspection COVID-Safe Guidelines

Following the easing of COVID-19 restrictions, we will be recommending routine inspections from 29 June 2020. Pursuant to the ‘Restrictions on Businesses, Activities and Undertakings Direction’ and best practice directions issued by the Real Estate [...]

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 [...]

Load More Posts