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  • Residential rental properties

    If you rent out property, you need to:

    • keep records right from the start
    • work out what expenses you can claim as deductions
    • work out if you need to pay tax instalments throughout the year
    • declare all rental-related income in your tax return
    • consider the capital gains tax implications if you sell.

    If you have an investment property that isn't rented or available for rent, such as a holiday home, then you generally can't claim deductions because it doesn't generate rental income.

    To download a PDF guide on how to treat rental income and expenses, see our rental properties guide.

    Owning and renting a property or holiday home
    Find out about owning and renting a property and holiday home and check what records you should keep.

    Records for rental properties and holiday homes
    Find out about what records to keep and for how long for rental properties and holiday homes.

    Rental income you must declare
    Check which rental income you must declare and where you should declare it in your tax return.

    Rental property genuinely available for rent
    Find out if your rental property is genuinely available for rent so you can claim deductions and find out what shows your property isn't genuinely available to rent.

    Rental property as investment or business
    Work out if your rental arrangements are in the form of an investment or a business.

    Rental expenses to claim
    Check the deductions you can claim for your rental property.

    Rental expenses you can't claim
    Check the expenses you can't claim as a deduction for your rental property.

    Holiday homes
    Check if you can claim deductions for your holiday home expenses and any capital gains tax implications if you sell.

    Selling your rental property
    Find out about capital gains and losses when you sell or dispose of a rental property.

    Last modified: 01 Jul 2022QC 23626