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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.





Rental income


Other rental related income


Gross rent




Advertising for tenants


Body corporate fees and charges


Borrowing expenses




Council rates


Deductions for decline in value


Gardening/lawn mowing




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


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  • "Hi, we bought our only property last year but due to marital problems we have decide to live separately(not a legal separation due to religious reasons). I am still renting but my husband wants to..."

    By: Deora at Jul 22, 2014 4:27AM

    Post: Marriage

  • "Hi there, I run a painting business as a sole trader and sometimes take on jobs interstate. As I have to transport bulky items such as ladders can I claim the return trip as business..."

    By: Dion at Jul 20, 2014 5:55AM

    Post: Claiming car expenses

  • "I work as a temp. My employment office is in canberra and I live in a different state.. Although I am currently contracted by the agency to work 1 hr away, this could change with 24 hours notice and..."

    By: Donna eaton at Jul 19, 2014 7:11AM

    Post: Claiming car expenses

  • "Hi, I work full time and study part time so often have to go to work, then school or school back to work. I know i can claim the mileage but can I claim the parking for while I'm at school? Thank..."

    By: Paula at Jul 17, 2014 2:03PM

    Post: Claiming car expenses

  • "sounds interesting! Who did you set up the account with? What is your income in percent? Are they based on Queensland? I am looking for something like that and found one in Queensland. They claim..."

    By: Sanjiv at Jul 17, 2014 12:13AM

    Post: Foreign currency trading