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  • Worksheet



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The following completed worksheet is an example of how to calculate your net rental income or loss. Some of the figures have been drawn from the examples in this publication; others have been included for illustrative purposes.

    Example: Rental property worksheet



    Rental income


    Other rental related income


    Gross rent




    Advertising for tenants


    Body corporate fees and charges


    Borrowing expenses




    Council rates


    Deductions for decline in value


    Gardening/lawn mowing (see note)


    Insurance (see note)


    Interest on loans


    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 loss ($20,431 − $9,300)


    Note: You can't claim for these items if the expenditure is already included in body corporate fees and charges.

    End of example
    Last modified: 02 Jan 2007QC 27603