Show download pdf controls
  • Keeping records



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

    End of attention

    You need to keep records of both the income and deductions relating to your rental property generally for five years from the date you lodge your tax return, or if you:

    • acquire or dispose of the property - for five years after it is certain that no capital gains tax event can happen, so you know you don't need the records to work out a capital gain or loss
    • have claimed a deduction for decline in value (formerly known as depreciation) - for five years from the date of your last claim for decline in value
    • are in dispute with us - the later of five years from the date you lodge your tax return or when the dispute is finalised.

    Do not send them in with your tax return. Keep them in case the ATO asks to see them.

    Last modified: 20 Oct 2015QC 27495