Investment Property Tax Deductions Most Owners Miss

Owning rental property can be tax effective — but many landlords miss thousands in deductions every year.

You can claim

✔ interest on loans
✔ property management fees
✔ body corporate
✔ repairs & maintenance
✔ council rates
✔ insurance
✔ depreciation
✔ travel (limited rules now apply)

The big one: depreciation

Many investors skip this.

A depreciation schedule can often add:
$5,000–$10,000+ per year in deductions

Even older properties qualify.

Repairs vs improvements

Repairs → deductible now
Improvements → depreciated over time

Example:

• fixing broken tiles = repair

• renovating whole kitchen = improvement

Timing matters.

Negative gearing explained simply

If expenses exceed rent:

• loss reduces your taxable income

• lowers your tax bill

But only works if deductions are claimed correctly.

Pro tip

Get:

• a quantity surveyor report

• annual review with your accountant

It usually pays for itself.