Hot Tip: Optimise All Possible Tax Deductions

Rental Property Tax DeductionsKeep ALL receipts. This is very important in claiming tax deductions and make sure to employ the services of a tax accountant specialising in property investment to optimise all possible deductions.

The following are the property management tax deductions you can claim immediately: 

  • Property Management Fees
  • Body Corporate Fees, 
  • Council Rates, 
  • Insurance, 
  • Maintenance, 
  • Legal Costs, Advertising for Tenants and 
  • Bank Charges.

Declining Value for Depreciating Assets and Capital Works is another deduction that you may claim over period of time.

For a more exhaustive list of items, click here to download the ATO's Guide for Rental Property Owners.