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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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    By: Mark at May 28, 2015 1:43AM

    Post: Claiming car expenses

  • "Hi, I am currently considering a job offer which includes a car allowance of 20K plus a fuel card. My salary is 90K and I work from a home office. I am looking to purchase a vehicle for 45k which..."

    By: Harry Voigt at May 26, 2015 3:00PM

    Post: Claiming car expenses

  • "Hi, My normal workplace has changed in the last 3 weeks. They've asked me to travel to 2 different workplaces but I will stay at the one workplace per day. Is the commute to and from the new..."

    By: Nic at May 21, 2015 11:28PM

    Post: Claiming car expenses

  • "Hi Mr Taxman. I have recently been married. My husband owns 2 properties and I own 1 which I am currently living in. If one of the 2 properties that my husband owns is currently being claimed as..."

    By: Briana at May 21, 2015 5:59AM

    Post: Marriage

  • "Hi If I have to bring my children with me to inspect a foreign property can I claim the costs of their flights as well? I have no choice but to bring them thanks "

    By: Emma Collins at May 20, 2015 5:15AM

    Post: Travel to see your investment property