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

  • "Hi, I'm a sole trader with a home business and claim the logbook method for vehicle use. I am in the middle of recording 12 weeks travel and am wondering if the kilometres in taking the car to the..."

    By: Tom at May 28, 2016 8:56AM

    Post: Claiming car expenses

  • "If you are going staright to Site B from home (despite going past site A), this would be considered private travel & not deductible. If however you stop off at Site A from time to time, then the..."

    By: Mr Taxman at May 26, 2016 1:29AM

    Post: Claiming car expenses

  • "The issue is whether you travel to work ... or travel for work ... sounds like the latter except for when you drop your daughter off to school as that is private travel"

    By: Mr Taxman at May 26, 2016 1:28AM

    Post: Claiming car expenses

  • "I am sorry to hear that he lost his job Sue. Unfortunately he probably has earnt too much in the 2015/16 year already for any benefits to potentially receive. So it would be the matter of checking..."

    By: Mr Taxman at May 26, 2016 1:21AM

    Post: Marriage

  • "Hi, my husband lost his job just before easter and has been financially dependent on me, because he doesn't qualify for any centrelink benefits. Can I claim any type of offset for him this year?"

    By: Sue at May 25, 2016 12:36AM

    Post: Marriage