If you have an investment property then your are required to include a rental property schedule with your income tax return.

We’ve attached a blank schedule below. It shows the information categories used by the ATO to calculate your rental return.

Download a blank rental property schedule

What can I claim?

Taxpayers with rental properties incur a number of expenses. Most of these are completely tax deductible. These expenses include:

• Interest paid on the investment loan
• Management fees and charges
• Advertising for tenants
• Council rates and taxes
• Insurance premiums paid
• Body corporate and strata fees
• Repairs and maintenance
• Depreciation on furniture and fittings

For a more exhaustive list, please contact us or register online. If you are thinking of investing in property or have a few unanswered questions then please make an appointment to see one of our friendly accountants.

Don’t forget to ask us how a depreciation report could save you thousands of dollars in tax every year

If you are considering investing in property or have already purchased an investment property then we are the perfect tax accountants for you. Most of us have invested in property ourselves and we are more than happy to help you maximise your returns.

Appointments: please call (08) 9400 8400

Without hesitation, Prouse Family Accountants recommends local financial planner – Rebecca Newton CFP from Prestige Wealth Partners.

• Superannuation Strategies
• Retirement Planning
• Risk Management/Insurance
• Debt Consolidation
• Investment Planning
• Estate Planning
• Mortgage Reduction Strategies / Debt Management
• UK Pension Transfers and South African Annuities
• Self Managed Superannuation Funds
• Business Insurance i.e. Buy/Sell or Key Person Cover
• Funding Private School Education

About Prestige Wealth Partners

A financial planning practice based in the northern suburbs and established to provide a strong client focus delivered through high levels of personal services, Rebecca Newton and Prestige Wealth Partners provide a unique, consistent and cost effective financial planning service.

Prestige Wealth Partners is a strategic alliance partner of Prouse Family Accountants and is strongly recommended to all of our clients: personal, business and SMSF.

The initial appointment is complimentary and you are under no obligation to proceed.

About Rebecca Newton

Rebecca Newton is the founder and principal of Prestige Wealth Partners and holds the Certified Financial Planning Degree from the Financial Planning Association. Rebecca has worked in Financial Services since 1995 in various roles.

Rebecca’s primary aim is to develop lifetime plans for clients by clearly understanding their personal situations and financial goals. She has accumulated considerable technical knowledge in the areas of wealth, insurance and superannuation planning on a personal and business level. This knowledge is applied in conjunction with fundamental financial planning principals to all client portfolios.

Rebecca was nominated for the 2008 and 2009 Association of Financial Advisers Rising Star Award and currently sits as the Secretary on the WA Committee of the Financial Planning Association.

Contact Rebecca

Tel: 0422 423 130
Fax: (08) 9206 2965
rnewton@prestigewealthpartners.com.au

PO Box 1289
INNALOO WA 6918

The advisers of Prestige Wealth Partners can provide financial services as
Authorised Representatives of Professional Investment Services Pty Ltd, ABN 11 074 608 558, an Australian Financial Service Licence holder (No 234951)

I have an investment property. How can I get myself organised?

If you have an investment property then your are required to include a rental property schedule with your income tax return.

We’ve attached a blank schedule below. It shows the information categories used by the ATO to calculate your rental return.

Download a blank rental property schedule

What can I claim?

Taxpayers with rental properties incur a number of expenses. Most of these are completely tax deductible. These expenses include:

• Interest paid on the investment loan
• Management fees and charges
• Advertising for tenants
• Council rates and taxes
• Insurance premiums paid
• Body corporate and strata fees
• Repairs and maintenance
• Depreciation on furniture and fittings

For a more exhaustive list, please contact us or register online. If you are thinking of investing in property or have a few unanswered questions then please make an appointment to see one of our friendly accountants.

Don’t forget to ask us how a depreciation report could save you thousands of dollars in tax every year

If you are considering investing in property or have already purchased an investment property then we are the perfect tax accountants for you. Most of us have invested in property ourselves and we are more than happy to help you maximise your returns.

Appointments: please call (08) 9400 8400