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.





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

Author: Mr Taxman


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

  • "Hi Mr Taxman, I have a multi currency account and moved under 250k into a USD account in Nov 2014. If I move the money back into AUD after Nov 2015, can I get a 50% reduction in CGT like shares or..."

    By: Andrew at Sep 04, 2015 9:09AM

    Post: Foreign currency trading

  • "Hi Mr. Taxman, I think this question would have been commonly asked as of late. I have a binary option trading account in which have made net investment losses of approximately $300k USD including..."

    By: Darryl at Sep 03, 2015 2:42AM

    Post: Foreign currency trading

  • "Thank you for taking the time to answer all of these questions. I work from home for one employer and have an office set up for that work. I then travel from there to another employer. I do not..."

    By: Jason at Aug 17, 2015 11:27PM

    Post: Claiming car expenses

  • "I have started a new job for a Housing Provider and receive a $10,000 per year car allowance. Can I claim for the mileage I do, which is business mileage of course?"

    By: Vic Cox at Aug 17, 2015 2:34AM

    Post: Claiming car expenses

  • "I have two children aged 11 and 14 and I have 50% care I'm divorced and live in my own small 3 bedroom home as a single person. I qualify for about $4000 in family tax benefits and school bonus. My..."

    By: James Eason at Aug 10, 2015 12:17PM

    Post: Marriage