Claimable Expenses
Many landlords aren ’ t aware of the variety of claims that can be made on the expenses related to owning and running an investment property .
With continued changes to the cost of borrowing and the taxation landscape , it ’ s now more important than ever for landlords to maximise the potential of their investment wherever possible .
Expenses You Can Claim
Insurance & rates
You can claim back the full cost of insuring your rental property and the council rates associated with the ownership of the property .
Interest
Claiming interest costs for the lending associated with residential investment property is being phased back in after previous government changes .
From 1 April 2024 , landlords can claim 80 % of their interest costs for funds borrowed for a residential property , regardless of when the property was acquired or when the loan was drawn down . From 1 April 2025 , interest deductibility will be fully restored , enabling landlords to claim 100 % of their interest costs .
See Interest Deductibility Changes on page 10 for more details .
Property Management fees & commission
The fees or commissions paid to property managers managing a tenancy on your behalf are 100 % claimable . If you manage the tenancy yourself and engage a property manager for specific services , you can also claim 100 % of the expenses you incur for these services .
This means all Ray White services including our wraparound full tenancy management through to our Ray White Choice product range of casual letting , inspections , rent management and more are entirely claimable .
Accountant fees
You can claim the fees charged by an accountant for :
• Your accounts to be managed
• Tax returns to be prepared
• Advice
However , you can ’ t claim for any costs involved in the initial set-up of your rental property .
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