Rental Property Tax Returns
Tax returns for property investors: we claim every deduction you are entitled to, set up depreciation properly and plan for capital gains tax when you sell. In our Sydney offices or online.
Maximise your property deductions
Owning an investment property comes with a long list of deductions — and it is easy to miss some. Our experts make certain you claim everything you are entitled to, so you keep more of your rental income.
What we look after for property investors
- Rental income and expenses: rent, bond kept for damage or unpaid rent, insurance payouts, and every deductible expense.
- Immediate deductions vs capital costs: repairs and maintenance are generally deductible straight away; improvements and initial repairs are claimed over time.
- Depreciation: capital works deductions for the building and depreciation on eligible fixtures, using a quantity surveyor schedule where it helps.
- Negative gearing: a rental loss can generally reduce your other income, such as your salary.
- Co-owned property: income and expenses split according to your legal ownership share.
- Short-term rentals: Airbnb and holiday-let income, and apportioning expenses for private use.
- Selling: working out capital gains tax, the 50% discount and any main residence exemption before you sign.
How it works
Send us your agent's annual statement, loan interest statements and receipts, or bring them in. We prepare the rental property schedule in your tax return, check what can be claimed now and what must be claimed over time, and lodge it for you.
Fees
We agree a fixed fee with you before we start, so there are no surprises. The fee for managing your tax affairs is generally tax-deductible in the year you pay it.
See us at our Chippendale or Annandale office, or work with us by phone, video and email from anywhere in Australia.
Deductions we'll make certain you claim
Common deductions available to property investors:
Renovations & Repairs
Repairs, maintenance and capital improvements to your property.
Advertising Fees
Costs to advertise for and secure tenants.
Depreciation
Decline in value of the building and its fittings.
Council Rates
Council and water rates for the rental period.
Operating Costs
Property management, insurance and ongoing running costs.
Legal Fees
Eligible legal expenses relating to the property.
Interest
Interest charged on your investment loan.
What to bring
Have these ready and we can lodge your rental property return quickly and accurately.
- Annual rental income statement from your agent
- Loan interest statements
- Council and water rates notices
- Property insurance statements
- Repairs, maintenance and improvement receipts
- Depreciation schedule (if you have one)
Our tax and accounting services
A full range of services for individuals and small businesses — helping you handle every tax and accounting need and reach your financial goals.
In Office Tax Return
Book an appointment at our Sydney office for a personal service and expert, face-to-face tax advice.
Online Tax Return
Use our online form to complete your return. Our experts contact you before lodging to make sure you've claimed everything you're entitled to.
Specialised Services
From capital gains and rental property to BAS, deceased estates and audit insurance — we cover the complex ones too.
Ready to lodge your rental property return?
Our registered tax agents make it quick and painless — book an appointment or grab a quick quote today.
Frequently asked questions
Yes — deductions are generally apportioned for the period the property was genuinely available for rent. We work out the correct split for you.
A quantity surveyor’s depreciation schedule can significantly increase your deductions. If you don’t have one, we can point you in the right direction.
Income and deductions are split according to your legal ownership share. We handle each owner’s return correctly.
Repairs that fix damage or wear from renting the property are generally deductible in the year you pay for them. Improvements, and repairs to defects that existed when you bought the property, are capital costs claimed over time.
Generally, yes. If your rental expenses are more than the rent you receive, the loss can usually reduce your other taxable income. This is known as negative gearing.
Usually, yes. The gain is the sale price less your cost base, and if you have owned the property for more than 12 months, individuals can generally reduce the gain by 50%. Talk to us before you sell.