June 9, 2025
Tax Time for Investors – Your Opportunity for a Financial Clean-Up
As an investor, tax time isn’t just about lodging a return – it’s a great opportunity to tidy up your finances and ensure you’re maximising all the deductions you’re entitled to.
Top Tip:
Keep detailed records and receipts throughout the year – they’re essential when it comes to claiming deductions.
📋 Quick Summary: Claimable Rental Expenses
Rental expenses fall into three main categories:
- ✅ Immediately Deductible Expenses (claimed in the same financial year):
- Repairs and maintenance
- Council rates
- Interest and bank charges on your investment loan
- Insurance (Building, Contents & Landlord policies)
- Pest control
- Depreciating items under $300
- 📆 Expenses Deductible Over Time:
- Loan setup fees (spread over 5 years or the loan term)
- Capital works and improvements (e.g., renovations, structural upgrades)
- Depreciating assets used to earn rental income (e.g., flooring, curtains, large appliances)
💡 Tip: A Quantity Surveyor’s Depreciation Schedule can help identify and clarify what you can claim over time – and your accountant will need this too.
- 🚫 Non-Deductible Expenses:
- Periods when you lived in the property yourself
- Depreciation on second-hand assets purchased after 9 May 2017
⏳ Maximise Your Return Before 30 June
Consider completing minor repairs now to boost your deductions for this financial year.📈 Thinking Ahead?
EOFY is also the perfect time to review your investment’s performance and make plans for the year ahead. If you’d like a hand reviewing your strategy or need guidance on what’s next, we’d love to help.
