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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.

 

$

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

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  • "Hi Mr. Taxman, I really don'T know whether I should put my husband as my spouse in my tax return. We married 4 years ago in overseas. 2 years ago we had a fight. I moved out, bought my apartment..."

    By: Alice at Jun 25, 2016 11:41PM

    Post: Marriage

  • "Thanks for all your tax advice for us having to pay tax is a good thing . But we all ways like to pay less so all is a Big help . thanks Bill "

    By: Bill Hort at Jun 25, 2016 11:52AM

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  • "Which is the better option? My company is happy to pay.80 cents /km even with the legislation now of .66 cents. I understand that the differnce will be taxed at 30%.I have been given the opportunity..."

    By: claudia at Jun 23, 2016 4:38AM

    Post: Claiming car expenses

  • "If I purchase flights this financial year for travel next financial year to check on my interstate property, in what year do I claim the cost of the flights?"

    By: Annette at Jun 21, 2016 3:53AM

    Post: Travel to see your investment property

  • "Hi, I am in a management role and head office is in the city. This is the location on my employment contract. We have a project in a regional centre that I travel to and stay over 2 or 3 nights..."

    By: Mick at Jun 18, 2016 10:06AM

    Post: Claiming car expenses