Expense categories |
Total expense |
Non-deductible expense |
Deductible expense |
Label |
---|---|---|---|---|
Advertising for tenants |
$ |
$ |
$ |
D |
Body corporate fees |
$ |
$ |
$ |
E |
Borrowing expenses |
$ |
$ |
$ |
F |
Cleaning |
$ |
$ |
$ |
G |
Council rates |
$ |
$ |
$ |
H |
Capital allowances (depreciation on plant) |
$ |
$ |
$ |
I |
Gardening/ lawn mowing |
$ |
$ |
$ |
J |
Insurance |
$ |
$ |
$ |
K |
Interest on loan(s) |
$ |
$ |
$ |
L |
Land tax |
$ |
$ |
$ |
M |
Legal fees |
$ |
$ |
$ |
N |
Pest control |
$ |
$ |
$ |
O |
Property agent fees/ commission |
$ |
$ |
$ |
P |
Repairs and maintenance |
$ |
$ |
$ |
Q |
Capital works deductions (special building write-off) |
$ |
$ |
$ |
R |
Stationery, telephone and postage |
$ |
$ |
$ |
S |
Travel expenses |
$ |
$ |
$ |
T |
Water charges |
$ |
$ |
$ |
U |
Sundry rental expenses |
$ |
$ |
$ |
V |
Total expenses |
$ |
$ |
$ |
W |
(Add amounts D to V in each column. Transfer the total in the 'Deductible expense' column to the boxes at label W on the schedule)
If you have or had a rental property, and you lodge your return on paper, this schedule and instructions will help you to work out what to declare on your income tax return. The schedule is included in Mytax and ELS programs. NAT2683-06.2003.