Client Resources

    Rental Property Resources for Tax Time

    Use these resources to prepare you for tax time, serving as a guide to help you understand and manage the administration of owning an investment property.

    It will identify your record-keeping requirements and also determine what is a deduction and as well as what items are considered capital in nature and not an immediate tax write-off.

    If you have any further questions, please do not hesitate to contact our office.
    1. 1

      Download Resources:



      Click the link to download the documents below👇

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    2. 2

      Review documents

      Rental Property Guide - ATO 2023

      This will have all the information necessary regarding the income and expenses of an investment property and help give you a better understanding in general.

      Rental Property Worksheet

      This document will serve as a guide when preparing documents and figures for your end-of-year tax return. You can either fill this in in advance or have the relevant documents ready for your appointment and we can work through this together.
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      Gather Records

      Gather all rental property records for the tax year, including:

      • Property purchase or sale documents
      • Leasing or rental contracts
      • Repair or maintenance expenses
      • Utility bills
      • Insurance premiums and claims
      • Property taxes
      • Income statements
      • Other receipts or invoices
    4. 4

      Calculate Rental Property Income and Expenses

      Calculate the rental property income and expenses for the tax year:

      1. Sum all rent collected
      2. Subtract expenses including advertising, cleaning, repairs, taxes, and insurance
      3. Subtract mortgage interest, commissions, depreciation, and any other allowable deductions
      4. Keep track of all calculations and documentation for later use.
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      Prepare Tax Return

      Book an appointment with Befinancial Accounting to have your tax return and rental property schedule completed.

      Contact - 1300 699 161
      Email - info@befinancial.com.au
      32 Main Rd Bakery Hill, VIC 3350

      BEFINANCIAL

      Accounting & Business Solutions