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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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  • "Sorry, not sure why my screen froze and my previous comment posted twice; I didn't see the first comment posted. Anyway, I forgot to add, that in MyTax what I saw on the screen as my tax estimate..."

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  • "Hi Mr Taxman, I lodged my 2015 tax return with eTax and lodged my 2016 tax return with MyTax. I've made several calls to the ATO and no one can confirm wether the MyTax estimate prior to..."

    By: NP at Nov 15, 2016 7:19PM

    Post: 5 things to do before 30 June

  • "Hi Mr Taxman, I lodged my 2015 tax return with eTax and lodged my 2016 tax return with MyTax. I've made several calls to the ATO and no one can confirm wether the MyTax estimate prior to..."

    By: NP at Nov 15, 2016 5:18PM

    Post: 5 things to do before 30 June

  • "My husband and I divorced in 2011 and our assets were split 50/50 via the Magistrates Court (as a request from our mutual agreement). Our assets included 2 rental properties in which were always..."

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