Rental property tax return checklist

For clients with one or more investment properties. Bring whatever applies to your situation, we'll guide you through the rest.

Thank you for booking with us! Use this checklist to gather your rental property documents before your appointment. If you have multiple properties, complete a separate set of records for each one.

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1. Income documentsGeneral income for the year

  • Income statements / PAYG summariesFrom employers, usually via myGov
  • Government paymentse.g. JobSeeker, Youth Allowance, Age Pension
  • Bank interest statementsFrom all bank accounts and term deposits
  • Dividend incomeDividends received or reinvested from shares
  • Managed fund annual tax statements
  • Capital gains recordsFrom selling shares, property or cryptocurrency
  • Charity donation receiptsTo registered charities (DGR endorsed)

2. Rental incomeFor each investment property

  • Rental incomeTotal rent received, your property manager statement is ideal
  • Airbnb / Stayz / short-term rental incomePlatform statements showing income for the year

3. Rental property expensesFor each investment property

  • Interest on loanLoan interest only, not principal repayments
  • Bank feesOn loan or rental accounts
  • InsuranceBuilding, landlord and contents insurance premiums
  • Council ratesRates paid to local government
  • Water ratesUsage and access charges
  • Strata / body corporate feesFor apartments or complexes
  • Utilities paid by landlordElectricity, gas, internet if you pay these
  • Advertising costsOnline listings, signage, letting fees
  • Rental agent feesManagement and letting fees
  • Legal feesLease preparation, tenant disputes
  • Repair expensesNon-capital repairs and maintenance, not improvements
  • Cleaning costsBetween tenants or professional services
  • Gardening & lawn mowingProperty maintenance costs
  • Pest controlIf arranged by landlord
  • Depreciation schedulePrepared by a quantity surveyor, we can refer you
  • Capital improvementsRenovations, new appliances, not immediately deductible
  • Quantity surveyor feesFor depreciation reports
  • Body corporate special leviesIf not capital in nature
  • Land taxIf applicable in your state

4. Work-related deductionsIf applicable

  • Motor vehicle expensesLogbook or 88c/km for property-related travel
  • Telephone expensesWork-related portion
  • Working from home expensesIf managing properties from home
  • Income protection insuranceHeld outside superannuation

5. The basicsFirst appointment only for some items

  • Photo IDDriver's licence or passport, first appointment only
  • Tax file number (TFN)First appointment only, we keep it on file after that
  • Bank account detailsBSB and account number for your refund
  • Private health insurance statementFrom your health fund
  • Last year's tax returnOnly needed if you haven't been to us before

⚠️ Lodging before 15 July? ATO pre-fill information may be incomplete if you lodge before 15 July. Always bring your own records so we can cross-check and ensure nothing is missed.