𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 - 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐛𝐥𝐞 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭'𝐬 𝐧𝐨𝐭?

John Reilly • April 3, 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.


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