• Rental property video series

    If you own a rental property, or are thinking of buying one, this series of short videos will help you understand your record-keeping and tax obligations.

    You’ll learn from Michael, Phil and Sara as they take you through some of the tax issues they came across when buying, owning, and selling their rental property.

    Introduction

    This short video is an introduction to what you need to know when buying, owning, and selling your rental property.

     

    Duration 1m58s. A transcript of Introduction to rental property and tax is also available.

    Buying a rental property

    This video highlights some tax tips and issues to think about when buying a rental property.

     

    Duration 3m26s. A transcript of Buying a rental property is also available.

    Income from renting your property

    This video identifies what you must include in your tax return as income from your rental property.

     

    Duration 1m33s. A transcript of Income from renting your property is also available.

    Overview to claiming your rental property deductions

    This video highlights what you can and can't claim as a deduction, and the records you need to keep.

     

    Duration 2m59s. A transcript of Overview to claiming your rental property deductions is also available.

    Deductions for mortgage and interest expenses

    This video focuses on deductions available for:

    • setting up a mortgage
    • what you can and can’t claim for interest.
     

    Duration 3m5s. A transcript of Claiming mortgage and interest expenses for your rental property is also available.

    Deductions for repairs and maintenance

    This video explains what are repairs and maintenance, and whether you can claim a deduction for them.

     

    Duration 2m26s. A transcript of Claiming repairs and maintenance for your rental property is also available.

    Deductions for travel expenses

    This video explains the rules about claiming a deduction for travel expenses.

     

    Duration 2m26s. A transcript of Claiming travel expenses for your rental property is also available.

    Deductions for depreciation and building costs

    This video explains the deduction you can claim for the depreciation of assets in your rental property and building construction costs.

     

    Duration 3m36s. A transcript of Claiming depreciation and building deductions for your rental property is also available.

    Calculating the capital gain when selling your rental property

    When you sell your rental property, you may have to pay tax on any capital gain you make on it. This video explains what is a capital gain or loss, how it’s calculated, and eligibility for the 50% discount.

     

    Duration 2m47s. A transcript of Selling your rental property is also available.

    Selling your rental property that was also your home

    This video explains the special capital gains tax rules that apply when you sell your property that was used both for renting and also as your home.

     

    Duration 3m18s. A transcript of Selling a rental property that was your home is also available.

    Attend one of our rental property webinars – these are online seminars that allow you to ask questions.

    Visit Residential rental properties

      Last modified: 17 Mar 2015QC 40785