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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

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  • "Hi, I'm a sole trader with a home business and claim the logbook method for vehicle use. I am in the middle of recording 12 weeks travel and am wondering if the kilometres in taking the car to the..."

    By: Tom at May 28, 2016 8:56AM

    Post: Claiming car expenses

  • "If you are going staright to Site B from home (despite going past site A), this would be considered private travel & not deductible. If however you stop off at Site A from time to time, then the..."

    By: Mr Taxman at May 26, 2016 1:29AM

    Post: Claiming car expenses

  • "The issue is whether you travel to work ... or travel for work ... sounds like the latter except for when you drop your daughter off to school as that is private travel"

    By: Mr Taxman at May 26, 2016 1:28AM

    Post: Claiming car expenses

  • "I am sorry to hear that he lost his job Sue. Unfortunately he probably has earnt too much in the 2015/16 year already for any benefits to potentially receive. So it would be the matter of checking..."

    By: Mr Taxman at May 26, 2016 1:21AM

    Post: Marriage

  • "Hi, my husband lost his job just before easter and has been financially dependent on me, because he doesn't qualify for any centrelink benefits. Can I claim any type of offset for him this year?"

    By: Sue at May 25, 2016 12:36AM

    Post: Marriage