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
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