Tax Deduction?

Real estate agents Townsville









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

  • advertising for tenants
  • bank charges
  • body corporate fees*
  • cleaning
  • council rates
  • electricity and gas
  • gardening and lawn mowing
  • in-house audio/video service charges
  • insurance
  • building
  • contents
  • public liability
  • interest on loans*
  • land tax
  • lease costs*
  • preparation
  • registration
  • stamp duty
  • legal expenses*
  • mortgage discharge expenses*
  • pest control
  • property agent’s fees and commission
  • quantity surveyor’s fees
  • repairs and maintenance*
  • secretarial and bookkeeping fees
  • security patrol fees
  • servicing costs – for example, servicing a water heater
  • stationery and postage
  • telephone calls and rental
  • tax-related expenses
  • travel and car expenses*
  • rent collection
  • inspection of property
  • maintenance of property
  • water charges.

You can claim a deduction for these expenses only if you actually incur them. Deductions marked with an asterisk (*) require further clarification and are subject to specific tax rulings.

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