Mr Taxman
Change the way you feel about taxes.
Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
  • click to visit Mr Taxman on Twitter
  • click to visit Mr Taxman on FaceBook
  • rss

Rental property worksheet

Feb 09, 2011

Here is a rental property worksheet to assist you with the expenses that you need to include in your tax return. You can also download an Excel version.

 

$

Income

 

Rental income

 

Other rental related income

 

Gross rent

 

Expenses

 

Advertising for tenants

 

Body corporate fees and charges

 

Borrowing expenses

 

Cleaning

 

Council rates

 

Deductions for decline in value

 

Gardening/lawn mowing

 

Insurance

 

Interest on loan(s)

 

Land tax

 

Legal expenses

 

Pest control

 

Property agent fees/commission

 

Repairs and maintenance

 

Capital works deductions

 

Stationery, telephone and postage

 

Travel expenses

 

Water charges

 

Sundry rental expenses

 

Total expenses

 

Net rental income or loss
(Gross rent less total expenses)

 

Tags: CalculatorsDeductionsPersonal taxProperty

Author: Mr Taxman

Comments

Post a New Comment

Media Availability

Are you interested in booking Mr Taxman for a speaking engagement or requesting his viewpoints for an article?

comments-rhsLatest Comments

  • "My boyfriend dumped me a week ago after I accused him of seeing someone else and insulting him. I want him back in my life but he refuse to have any contact with me. I was so confuse and don't know..."

    By: jassica at Aug 31, 2014 6:25AM

    Post: Marriage

  • "Good day to everybody My name are Lynn Janet, I want to thank this great loan company who helped me to get a loan. For the past three months, I have been searching for a loan to settle my debts..."

    By: Lynn Janet at Aug 31, 2014 12:59AM

    Post: Claiming car expenses

  • "Hi My partner is a plasterer and requires his car for work as carries all the tools required for each job. The purchase price falls over the luxury car limit and is a leased car. He has a full..."

    By: Kylie at Aug 26, 2014 11:34PM

    Post: Claiming car expenses

  • "Hi, I often travel between offices to perform my duties within the group I work for, occasionally travel to clients homes & business's and I travel a decent distance to attend monthly company..."

    By: Seth at Aug 20, 2014 6:48AM

    Post: Claiming car expenses

  • "Hi, I know that the maximum for cents per km is 5k but the ATO says it is 5k per car. So if I use 2 different cars for work purposes in a fiscal year but both are unter 5k can I claim all of it?..."

    By: Rebecca at Aug 19, 2014 4:50AM

    Post: Claiming car expenses