Being educated and knowing what you can claim is essential to making your tax time run smoothly. Your accountant can assist you in this situation, however, it’s always best to do your research and come prepared for your accountant.  

Here are some things that you may be able to claim

• Cleaning of the property, internal and external   
• Advertising fees, accountant fees, and bookkeeping fees  
• Property management fees  
• Rates – council and water fees (if they are not paid by the tenant)  
• Body corporate fees  
• Insurance premiums
• TV services provided by the landlord (e.g. Foxtel, Netflix, etc.)  
• Lease preparation and registration   
• Legal costs for unpaid rent, damages, or breach of agreement
• Borrowing expenses

We hope this helps with getting you ready for your tax time however please be sure to speak with your accountant to ensure to best possible outcome for you and your investments.