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๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ - ๐–๐ก๐š๐ญ'๐ฌ ๐ญ๐š๐ฑ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐›๐ฅ๐ž ๐š๐ง๐ ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ง๐จ๐ญ?

John Reilly • Apr 03, 2024

Investment Property - What's Tax Deductible and What's Not?

When you buy your investment property you do incur a lot of costs, however a lot of these are not tax deductible. These initial costs are considered, capital costs, i.e. the cost of buying your property. For example:


  • Property Purchase Price
  • Property Transfer Stamp Duty
  • Legal Fees
  • Pest & Building Inspections
  • Strata Inspections
  • Buyers Agent Fees


When your property is available for rent you are allowed to claim tax deductions for its running property: For Example:


  • Bank Loan Interest (not repayments)
  • Council Rates
  • Water Rates
  • Strata Levies
  • Insurance
  • Real Estate Agents Commission
  • Legal Expenses
  • Pest Control
  • Garden Maintenance
  • Repairs
  • Cleaning
  • Depreciation (see post on 9 April)


Please note travelling to inspect your property is no longer deductible. Any significant purchases over $300 might be subject to depreciation.

๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐ฒ๐จ๐ฎ๐ซ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ - ๐‹๐š๐ง๐ ๐ญ๐š๐ฑ

By John Reilly • 30 Apr, 2024
Structuring Your Investment Property - Land Tax

๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐‹๐จ๐š๐ง - ๐๐จ๐ซ๐ซ๐จ๐ฐ๐ข๐ง๐  ๐‚๐จ๐ฌ๐ญ๐ฌ ๐ƒ๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ

By John Reilly • 23 Apr, 2024
Investment Loan - Borrowing Costs Deductions

๐…๐ข๐ง๐š๐ง๐œ๐ž & ๐‚๐š๐ฌ๐ก ๐Ÿ๐ฅ๐จ๐ฐ - ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐  ๐ข๐ง ๐๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ

By John Reilly • 16 Apr, 2024
Finance & Cash Flow - Investing in Property

๐–๐ก๐š๐ญ ๐๐จ ๐ˆ ๐ง๐ž๐ž๐ ๐ญ๐จ ๐ค๐ง๐จ๐ฐ ๐š๐›๐จ๐ฎ๐ญ ๐›๐ฎ๐ฒ๐ข๐ง๐  ๐š๐ง ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ?

By John Reilly • 09 Apr, 2024
What do I Need to Know About Buying an Investment Property?

๐‘๐ž๐๐ฎ๐œ๐ข๐ง๐  ๐ƒ๐ž๐›๐ญ

By John Reilly • 25 Mar, 2024
Reducing Debt

๐’๐š๐ฏ๐ข๐ง๐  ๐ฆ๐จ๐ง๐ž๐ฒ ๐จ๐ง ๐ž๐ฑ๐ฉ๐ž๐ง๐ฌ๐ž๐ฌ

By John Reilly • 18 Mar, 2024
Saving Money on Expenses

๐๐จ๐จ๐ค๐ค๐ž๐ž๐ฉ๐ž๐ซ ๐ฏ๐ฌ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐š๐ง๐ญ

By John Reilly • 11 Mar, 2024
Bookkeeper vs Accountant

๐€๐ซ๐ž ๐ฒ๐จ๐ฎ ๐ง๐ž๐ฐ ๐ญ๐จ ๐ซ๐ฎ๐ง๐ง๐ข๐ง๐  ๐š ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ?

By John Reilly • 04 Mar, 2024
Are You New to Running a Business?

๐–๐ก๐ฒ ๐ฒ๐จ๐ฎ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ซ๐ž๐ฏ๐ข๐ž๐ฐ ๐ฒ๐จ๐ฎ๐ซ ๐›๐ฎ๐๐ ๐ž๐ญ

By John Reilly • 26 Feb, 2024
Why You Should Review Your Budget

๐๐ฎ๐๐ ๐ž๐ญ๐ž๐ ๐๐ซ๐ž๐ฉ๐š๐ซ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐—๐ž๐ซ๐จ

By John Reilly • 19 Feb, 2024
Budgeted Preparation In Xero
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