Tax Deduction Checklist 2025
Are you a property investor in Canberra looking to maximise your rental property tax deductions?
At ACT Tax Group, we specialise in helping you claim every eligible deduction on your investment property, so you can boost your taxable income and achieve the best possible outcome on your tax return. Complete the form to access your Rental Property Deductions Checklist
Why Property Investors Trust ACT Tax Group
Our experienced team understands the complexities of property investment and rental income in Australia. We help you navigate the rules around rental property expenses, capital gains tax, and investment property tax deductions—ensuring you don’t miss out on valuable tax savings.Deductions You Can Claim for Your Rental Property
Whether you own residential rental properties or are considering your next property investment, knowing what you can claim is crucial. Here’s a checklist of common rental expenses and investment property expenses that may be tax deductible:Interest and Borrowing Costs
You can claim interest on loans used to purchase your investment property, along with borrowing expenses such as loan establishment fees, mortgage broker fees, and bank charges.Advertising and Tenant-Related Costs
Expenses for advertising your property—whether online, in print, or with signage—are deductible. This also includes costs for finding and screening tenants.Council Rates, Water Charges, and Strata Fees
Ongoing local government charges, water rates, and body corporate (strata) fees are all tax deductible while your property is available for rent.Property Management and Professional Fees
Agent fees for managing your property and legal expenses related to preparing leases or resolving tenant issues can be claimed. Accounting fees for preparing your rental property tax return are also deductible.Repairs, Maintenance, and Upkeep
You can claim repairs and maintenance expenses incurred to keep your property in a rentable condition, as well as costs for gardening, pest control, and security.Insurance
Premiums for landlord, building, and contents insurance are tax deductible.Depreciation and Capital Works
Depreciation on eligible equipment assets (like appliances and carpets) and capital works deductions for structural improvements can be claimed, often with the help of a quantity surveyor.Travel (If Applicable)
If allowed under current ATO rules, travel expenses for inspecting or maintaining your property may be deductible.By keeping clear records and understanding these categories, you’ll be well prepared to claim the full range of deductions on your rental property. For a detailed, step-by-step checklist tailored to your property, download our free Rental Property Tax Deductions Guide.Ready to maximise your rental property deductions and reduce your tax bill?
Contact ACT Tax Group today for a personalised review of your property investment portfolio.
Capital Expenses and Capital Gains Tax
When it comes time to sell your investment property, capital gains tax becomes a key consideration. The capital gain is calculated based on the difference between your sale price and the cost base, which includes the purchase cost, capital expenses, and other costs incurred throughout ownership. Any capital gain is added to your taxable income for the year.
Other Tax Considerations
When it comes to maximising your investment property tax deductions, there are a few extra details savvy property investors should keep in mind. If you sell your rental property, any capital gain you make may be subject to capital gains tax, so it’s important to track your purchase cost, capital expenses, and any improvements over time. If your property is negatively geared—meaning your rental expenses are higher than your rental income—you may be able to offset that loss against your salary or other income, reducing your overall taxable income.
Remember, only expenses related to earning rental income are tax deductible. If you use your property for personal holidays or family stays, you’ll need to separate those costs and only claim deductions for the period it was genuinely available for rent. Good record keeping is essential, not just for your annual tax return, but also for calculating your cost base and any potential capital gain when you eventually decide to sell.
Maximise Your Tax Return with ACT Tax Group
Our Canberra-based experts will help you claim every deduction you’re entitled to, from maintenance expenses to capital works and beyond. We’ll review your investments, identify missed opportunities, and ensure your tax return is accurate and compliant.
Book Your Consultation
Ready to maximise your rental property deductions and reduce your tax bill? Contact ACT Tax Group today for a personalised review of your property investment portfolio.
Have Questions?
We're Here to Help!
Send us a message to learn more about our courses or get expert advice tailored to your needs. Simply leave your email, and we’ll be in touch!