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 name is Lisa David from USA. My Husband left me few months ago and he was leaving with another woman who is 4 years older than him,i feel like my life is completely over. I read over the internet..."

    By: lisa david at Sep 28, 2016 9:05AM

    Post: Marriage

  • "My name is Lisa David from USA. My Husband left me few months ago and he was leaving with another woman who is 4 years older than him,i feel like my life is completely over. I read over the internet..."

    By: lisa david at Sep 28, 2016 9:04AM

    Post: Marriage

  • "This is the most wonderful thing i have ever experienced. I visited a forum here on the internet on the 17 APRIL 2016, and i saw a marvelous testimony of Tracie Aldana from United States on the..."

    By: Brooklyn Gray at Sep 25, 2016 10:55PM

    Post: Marriage

  • "Hi, I work in Perth city on a 6 days on and 6 days off roster. I live with my wife and children in Bunbury 2 hours drive away, so have purchased a unit in Perth where I stay for my duration of..."

    By: Mick Wilson at Sep 23, 2016 1:10AM

    Post: Marriage

  • "Hello, my mother and I are selling my childhood home and are wondering about CGT. The situation is this: The home is our only home Australia, my family still lives in it rent free. My mother and I..."

    By: Nick at Sep 22, 2016 11:43PM

    Post: Little known ways to reduce capital gains tax on your investment property