Property investor claimable tax return expenses
Property ObserverAugust 21, 2013
Property investors with either positive or negative gearing can claim the following expenses on their tax returns:
• Interest on loans
• Bank charges on loans
• Borrowing costs, including legal costs and mortgage fees
• Stamp duty
• Land tax
• Body corporate fees
• Council rates
• Water rates
• Cleaning costs
• Insurance costs
• Pest control
• Property management fees
• Repairs and maintenance
• Telephone, postage and stationery
• Travelling expenses related to visiting an investment property