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IT6 Net rental property loss 2017

Complete question IT6 to include the net loss from any rental property you owned.

Last updated 24 May 2017

This question is about the net loss, if any, from any rental property you owned.

This question is not about capital gains or capital losses from your rental properties.

Did you earn rental income, claim rental deductions or receive a partnership distribution that included rental income or losses?


Write 0 at Y item IT6, then go to question IT7 Child support you paid 2017, or return to main menu Individual tax return instructions 2017.


Read on.

Answering this question

We will calculate the amount of your net rental property loss for you using the information you provide in your tax return.

Completing your tax return

Step 1

Complete worksheet 1 to work out your net rental property loss.

Any loss amounts in worksheet 1 must be shown as negative amounts (including any totals).

At row c write your share of net rental property income or loss from the partnership tax return statement of distribution.

At row d write the net income or loss from carrying on a rental property business which you take into account in working out the amount at Z item P8 of the Business and professional items schedule for individuals 2017.

At row f write the total of the low-value pool deductions relating to your rental properties that you included at item D6.

Worksheet 1: Net rental property loss





Net foreign rent (from R item 20)



Net rent (from item 21)



Share of net rental property income or loss



Net income or loss from rental property business



Add rows a, b, c and d.



Total of the low-value pool deductions



Any other deductions attributable to a rental property, including debt deductions at J item D15



Add f and g.



Take away row h from row e.


Step 2

If the amount at row i in worksheet 1 is negative, (that is, a loss), write that amount at Y item IT6. Otherwise write 0 at Y.

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