The end of the financial year can be stressful for some, so to assist you in not forgetting any tax deductions we have taken the time to outline an overview of what can be claimed:
Remember you need the documentation to support your claims.
| • Advertising for a tenant | • Bank Charges | • Cleaning |
| • Body Corporate Fees | • Capital Works | • Insurance |
| • Borrowing Expenses | • Depreciation | • Interest |
| • Lawns & Gardens | • Office Supplies | • Land Tax |
| • Pool Maintenance | • Legal Fees | • Phone |
| • Repairs & Maintenance | • Pest Control | • Rates |
| • Water Charges | • Commission | • Management & Let Fees |
| • Travel To The Property To Inspect Or Maintain | ||
* This is a summary of important items that can be claimed and is not a full comprehensive list. BEWARE The Australian Taxation Office is increasingly using data matching to check on claims made by taxpayers.
PRE-PAYING EXPENSES: If you have a negatively geared investment it may be worth considering pre-paying next year's interest or other expenses such as rates or levies to gain an immediate tax deduction. As your managing agent we are here to assist you and can provide you with an End of Financial Year summary statement for your property/s outlining all income and expenses.