Rental Property Checklist

 

RENTAL PROPERTY WORKSHEET

NAME/S ON PROPERTY TITLE:
ADDRESS OF PROPERTY:
NUMBER OF WEEKS RENTED THIS FINANCIAL YEAR:
DATE PROPERY FIRST EARNED INCOME:

Email: Capitaltaxreturn@gmail.com

 

INCOME $
Rental Income
Other Rental Income
Total Gross Rent
EXPENSES  $
D - Advertising for Tenants
E - Body Corporate Fees
F - Borrowing Expenses
G- Cleaning
H - Council Rates
I - Decline in Value - as per QS Report
J - Gardening / Lawn mowing
K - Insurance
L - Interest on loans
M - Land Tax
N - Legal Expenses
0 - Pest Control
P - Property Agents Fees
Q - Repairs & Maintenance
S - Stationery, Tele phone , Postage
U - Water charges
V - Sundry rental expenses
Total Expenses
NET RENTAL INCOME OR LOSS

 

Expenses you can NOT claim
Expenses which are not able to be claim as a deduction include:

· Acquisition & disposal costs.

· Expenses not incurred or paid by you, such as water paid direct by your tenant

· Expenses which are not related to the rental property.

DISCLAIMER
This Guide is just that, a guide. It should not be relied upon only and you should always seek the advice of your Tax Agent.