There’s no shortage of expenses for an investment property that are usually claimable as a tax deduction with the following list being supplied by Aviate Property Group:

  • Advertising for tenants
  • Bank charges
  • Body corporate fees & charges
  • Cleaning
  • Council Rates
  • Electricity & Gas
  • Gardening and Lawn mowing
  • In-house audio/video service charges
  • Insurance (building, contents, landlords and public liability)
  • Interest on Loans
  • Land Tax
  • Lease document expenses (preparation, registration and stamp duty)
  • Legal expenses (excluding acquisition & borrowing costs)
  • Mortgage discharge expenses
  • Property agent’s fees and commission
  • Pest control
  • Registration
  • Stamp duty
  • Quantity Surveyors Fee’s
  • Repairs & Maintenance
  • Secretarial and bookkeeping fees
  • Servicing costs : for example a call out fee
  • Stationary and postage
  • Tax related expenses
  • Telephone calls and rental
  • Travel and car expenses (Rent collection, inspection and maintenance of property)
  • Water charges

You would need to check with your taxation adviser to make sure that this applies to your individual circumstances but this list gives an idea of the expenses that may apply.

Have a look at see if you may be missing out on claiming.

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