Blogs

Fees and Charges- What is Tax Deductible?

tax-1.jpg

Not all fees and costs associated with Property Investment can be claimed as a tax deduction.

Here is a list from RealRenta of some of the main expenses that can be claimed as an immediate deduction, in the income year that they were incurred:

 

  • Advertising
  • Bank Charges
  • Interest on loans
  • Body corporate fees and charges
  • Council rates
  • Electricity
  • Gas
  • Water charges (where applicable)
  • Building , contents and public liability insurance
  • Legal expenses and lease document expenses
  • Depreciation
  • Pest control
  • Repairs
  • Maintenance and service costs
  • Gardening costs, lawn mowing
  • Fees and commissions to agents and surveyors
  • Travel and Car expenses

Want to save on Property Management Fees?

Trial RealRenta now for Free for up to 2 months, visit www.realrenta.com.au

See How Easy it is to Self-Manage with this FREE eBook

 

 

 

 

 

 

Marlene F Liontis