Expenses for which you may be entitled to an immediate deduction in the income year in which you incur the expense include:
advertising for tenants
bank charges
body corporate fees*
cleaning
council rates
electricity and gas
gardening and lawn mowing
in-house audio/video service charges
insurance
building
contents
public liability
interest on loans*
land tax
lease costs*
preparation
registration
stamp duty
legal expenses*
mortgage discharge expenses*
pest control
property agent’s fees and commission
quantity surveyor’s fees
repairs and maintenance*
secretarial and bookkeeping fees
security patrol fees
servicing costs – for example, servicing a water heater
stationery and postage
telephone calls and rental
tax-related expenses
travel and car expenses*
rent collection
inspection of property
maintenance of property
water charges.
You can claim a deduction for these expenses only if you actually incur them. Deductions marked with an asterisk (*) are examined in more detail in this document.
Sections within Expenses for which you can claim an immediate deduction
Subscribe
