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.