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.
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Income
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Rental income
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Other rental related income
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Gross rent
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Expenses
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Advertising for tenants
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Body corporate fees and charges
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Borrowing expenses
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Cleaning
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Council rates
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Deductions for decline in value
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Gardening/lawn mowing
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Insurance
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Interest on loan(s)
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Land tax
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Legal expenses
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Pest control
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Property agent fees/commission
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Repairs and maintenance
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Capital works deductions
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Stationery, telephone and postage
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Travel expenses
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Water charges
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Sundry rental expenses
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Total expenses
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Net rental income or loss
(Gross rent less total expenses)
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