Repairs and maintenance aren’t the only expenses for which you can claim a deduction.
Here are some other examples:
- advertising for a tenant
- management company fees and commission
- quantity surveyor’s fees
- water and sewage charges
- tax-related expenses
- pest control
- legal expenses
- interest on loans
We strongly suggest that every property investor has a depreciation report prepared. These reports are handy for making sure you are claiming everything you are entitled to.
(Please note: we have taken every care to present information that is current and correct as of 20 June 2013. However, taxation rules can change – please visit the ATO website for the most up-to-date information.)