
520 tax time essentials! WFH, sole traders, shares & crypto, super contributions, two jobs, rental properties + more
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What Can You Claim as a Rental Property Deduction?
What can so one claim as a deduction? So basically anything that you're paying in relation to that property. You've got rates, warder insurance, bodyc land tax, gardening and repairs and maintenance. Interest on a loan, if it's financed a and then if you use a property agent,. Their fees a tax, sedactable as well. Depreciation on any capital improvements that you make to the property or any assets that you purchase. If the property is quite new, you can get what's called a quantity surveyors report pretty cheap, like 500 bark. And it will list out a bunch of depreciation for capital works and allowances that you can claim each year.
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