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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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  • "Hi There. I run a mobile spray tanning business. I drive to each clients house from my house to give them a spray tan. Sometimes I would drive to one client and then another straight after if I have..."

    By: Bree at Sep 22, 2014 7:42AM

    Post: Claiming car expenses

  • "Hi..My son is a cleaning sole trader and doesn't drive.So I take him to his work and we carry all his gear from ladders to mops and buckets.I have a log book and all petrol dockets and we travel..."

    By: Donna at Sep 21, 2014 1:07PM

    Post: Claiming car expenses

  • "Hi Mr Taxman. I have two jobs (different employers) approx 17 kilometers apart. Can I claim car expenses for travel between the two places of employment if I have a meal break on the way? "

    By: Alex Hampshire at Sep 18, 2014 1:58PM

    Post: Claiming car expenses

  • "I live 23 miles from my work place. I drive to work and drive home. However, during my working hours I also have to drive to other places for work, for example, we run lots of events over Norfolk and..."

    By: Maddie Darrell at Sep 18, 2014 9:18AM

    Post: Claiming car expenses

  • ""Hi Mr Taxman, My husband and I live in a property that is in my name solely and was owned by me before we even met. We are thinking about renting it out and buying a new property together to live..."

    By: Brooke at Sep 17, 2014 5:37AM

    Post: Marriage