Deductible Expenses

Expenses you can deduct in the income year incurred

Generally you can claim an immediate deduction for expenses related to the management and maintenance of the property, including interest on loans. You can claim a deduction for these expenses only if you actually incur them and they are not paid by the tenant.

If your property is negatively geared - that is, you borrowed money to buy the property and your net rental income after other expenses is less than the interest on the loan - you may be able to claim the full amount of rental expenses against your other income, such as salary and wages.

To claim deductions for expenses, your property must include a dwelling that is rented or available for rent - for example, advertised for rent. If you are building a rental dwelling, you can claim deductions for the land while you are building.


Deductible expenses

Expenses for which you may be entitled to an immediate deduction in the income year you incur the expense include:



















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