Did you know that there are a lot of rental expenses that you can claim relating to your rental property? Here’s a short (but definitely not complete) list:
- Advertising for a tenant
- Management company fees
- Pest control
- Legal expenses
- Gardening and lawn mowing
While it might be a little late to get started this financial year, you’ll be all set to make the most of your entitlements next year. For more information on what you can claim, head to the ATO website.
A word about depreciation reports
Depreciation reports are a must for property investors. They come in handy when determining what you can claim in order to get the best possible returns on your investment. If you have any questions about depreciation reports, please email or call us on 9314 9888.