Here is a rental property worksheet to assist you with the expenses that you need to include in your tax return. You can also download an Excel version.
| $ | |
| Income | |
| Rental income | |
| Other rental related income | |
| Gross rent | |
| Expenses | |
| Advertising for tenants | |
| Body corporate fees and charges | |
| Borrowing expenses | |
| Cleaning | |
| Council rates | |
| Deductions for decline in value | |
| Gardening/lawn mowing | |
| Insurance | |
| Interest on loan(s) | |
| Land tax | |
| Legal expenses | |
| Pest control | |
| Property agent fees/commission | |
| Repairs and maintenance | |
| Capital works deductions | |
| Stationery, telephone and postage | |
| Travel expenses | |
| Water charges | |
| Sundry rental expenses | |
| Total expenses | |
| Net rental income or loss (Gross rent less total expenses) |