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  • Rental properties 2023

    A guide on how to treat rental income and expenses, including how to treat many residential rental property assets and items.

    General guidance
    Information to help rental property owners.

    Rental income
    Rental and rental-related income to declare and how to divide income and expenses when the rental property is co-owned.

    Rental expenses
    Rental expenses you can and can't claim a deduction for and whether you can claim immediately or over several years.

    Keeping rental property records
    Records you need to keep for your rental property income and expenses and how long to keep them.

    Worksheet – work out your net rental income or loss
    Worksheet example and copy for you to work out your net rental income or loss.

    Other tax considerations
    Other tax issues to consider for your rental property, such as capital gains tax, GST and PAYG instalments.

    Residential rental property assets
    Rental property assets and items, definitions and the treatment of items as depreciating assets or capital works.

    Last modified: 10 Aug 2023QC 72633