Tax time tips: What else can you claim?

Repairs and maintenance aren’t the only expenses for which you can claim a deduction. Here are some other examples:

  • advertising for a tenant
  • insurance
  • 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.)