Common Tax Deductions for Australian Property Owners

By Jimmy B. Prince

Part of Tax for Australians For Dummies Cheat Sheet

If you invest in real estate in Australia, you may be eligible for tax benefits. Here are some examples of the types of expenditure that are tax deductible:

  • Advertising to find a tenant

  • Agent’s commission to manage your property

  • Council rates

  • Depreciation on plant and equipment

  • Insurance premiums

  • Interest to finance the purchase of rental property

  • Land taxes

  • Repairs and maintenance

  • Water and sewerage charges