Rental Property allowable deductions
There is a long list of expenses that are rental property allowable deductions for the purposes.
These include: Advertising for tenants, Bank charges, Council rates, Gardening and lawn mowing, Insurances, Interest on loans, Pest control, Property agents fee and commissions, Repairs and maintenance and water rates.
Some not so well known ones are;
- Travel and car expenses for rent collection, inspection and maintenance of property;
- There is also depreciation expenses of the building and fittings. These can be identified with a quantity surveyors report.
- Of course the costs of the quantity surveyor’s report is also tax deductible!
Interested in joining our team? Why not apply today?
About Our Traineeships:-
Join the Market Leader in 2016 – Accounting Traineeships
Looking to study a B.Com at University of Newcastle in 2016?
Bottrell Business Consultants are a Multi Award Winning Firm
We have 2016 Traineeships available – work 3 days Study part-time 2 days
Apply now to Tara Skippen on tara@bottrellaccounting.com.au – send resume & cover letter
www.bottrellaccounting.com.au or check us out on Facebook, Twitter, Instagram or LinkedIn
Offices – East Maitland | Newcastle | Sydney | Melbourne | Brisbane | Gold Coast
Bottrell Business Consultants Pty Ltd – Chartered Accountants and Business Advisors.
The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
Our group of businesses & links include the following companies (& our websites);-
- Bottrell Accounting & Taxation – Visit out website
- Bottrel Business Consultants Pty Ltd – Visit our website
- Maitland Accounting & Taxation – Visit our website
- East Maitland Accounting Services – Visit our website
- Mobile Bookkeeping & Recruitment – Visit our website
Comments are closed.