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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, I am starting a new job on a farm with the same employment agency. Is it considering as the same employer? Can I claim travel expenses as a tax deduction? Thanks"

    By: Oceane at Jul 28, 2016 11:41AM

    Post: Claiming car expenses

  • "I receive atravel allowance rolled into my gross (not shown on PAYG) This is part of my EBA. I drive to & from work only. Some of the other boys say their accountant is claiming ALL their milage as..."

    By: Kaz at Jul 26, 2016 10:30AM

    Post: Claiming car expenses

  • "Just trying to understand I lodge my tax return online using etax. I also included my wife details and mentioned her gross income. Now does she also also need to goto her own etax and do the same?..."

    By: David at Jul 26, 2016 6:25AM

    Post: Marriage

  • "Hi, Mr. Tax Man, I legally separated from my husband Nov 1, 2015. I started receiving spousal support in Dec 2015. I had always been a stay at home mom until May 2016 when I became employed. Our..."

    By: Rene at Jul 24, 2016 1:21PM

    Post: Marriage

  • "I separated from my husband during the 15/16 tax year. We owned a rental property for a portion of the same year. He has all the documentation from the rental and is refusing to share it or the..."

    By: Sarah at Jul 21, 2016 1:17PM

    Post: Marriage