Investment Property Deductions

Investment Property Deductions

You can claim a deduction for certain expenses you incur for the period your property is rented pr is available for rent.

Some expenses can be claimed as an immediate deduction and others can be claimed over a number of income years.

Immediate Deduction Expenses:

  • advertising for tenants
  • bank charges
  • body corporate fees and charges
  • cleaning
  • council rates
  • electricity and gas
  • gardening and lawn mowing
  • in-house audio/video service charges
  • insurance (building, contents, landlord's insurance, public liability)
  • interest on loans
  • land tax
  • lease document expenses (preparation, registration fees and stamp duty)
  • legal expenses (excluding acquisition costs and borrowing costs)
  • mortgage discharge expenses
  • pest control
  • property agent's fees and commission
  • quarterly surveyor's fees
  • repairs and maintenance
  • bookkeeping fees
  • security patrol fees
  • stationery and postage
  • telephone calls and rental
  • tax-related expenses
  • travel and car expenses (for rent collection, property inspection and maintenance)
  • water charges

Expenses Deductible Over a Number of Years

  • borrowing expenses
  • amounts for decline in value of depreciating assets
  • capital works deductions



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