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

  • "I'm here to testify about what Dr Iyoha did for me. I have been suffering from (HERPES) disease for the past 3 years and had constant pain, especially in my knees. During the first year,I had faith..."

    By: Avril at Jan 20, 2020 9:30PM

    Post: Tax is key in the new-versus-old property debate for investors

  • "Hello, I work for the railroad. Ex; I travel on Sunday from my home(dallas) to Oklahoma city(work). Then on Friday, I travel from Oklahoma City back to Dallas(home). This process is repeated..."

    By: Fred at Jan 17, 2020 2:53AM

    Post: Claiming car expenses

  • "Hello viewers I am glad to have met with the powerful herbal healer called Dr voodoo who use his herbs to cure my HIV disease I suffered from 15years, but now I am a happy woman and i am free..."

    By: morgan at Jan 14, 2020 6:28AM

    Post: Tax is key in the new-versus-old property debate for investors

  • "After being in relationship with markiss for seven years,he broke up with me, I did everything possible to bring him back but all was in vain, I wanted him back so much because of the love I have for..."

    By: linda jane at Jan 11, 2020 2:20PM

    Post: Marriage

  • "After being in relationship with markiss for seven years,he broke up with me, I did everything possible to bring him back but all was in vain, I wanted him back so much because of the love I have for..."

    By: linda jane at Jan 11, 2020 2:18PM

    Post: Marriage