Any revenue expense can be set against the rents received from your property. All legitimate expenses should be properly recorded and where appropriate you should obtain a receipt. The most common expenses are

  • Mortgage interest
  • Insurance
  • Council tax or rates
  • Repairs and decoration

But there are other expenses that most landlords incur that also can be claimed including the costs of the letting agent or accountant.

And did you know that you can even claim allowances for tools that you use in your property business including ladders, tools or motor vehicles

Let Advantage ATO help you claim for all your property expenses and you will know that our costs will also qualify as tax deductible.