We have developed a comprehensive checklist for your investment properties.
Please forward the information/documents to us for the preparation of your tax return if you have investment properties.
Please note this checklist apply to both residential investment and commercial properties.
|Rental Property Information Checklist
|1. Provide how many weeks the property has been rented.|
|2. Provide annual rental statement from real estate agent. (if you manage by yourself, please provide summary of income and expenses.|
|3. The following expenses may not be included on annual statements –please provide:|
|· Advertising expenses|
|· Body corporate fees|
|· Cleaning fees|
|· Council rates|
|· Gardening expenses|
|· Interest (please provide loan statements)|
|· Loan establishment fees expenses on new or re-financed loans|
|· Land tax|
|· Bank Fees|
|· Pest control|
|· Repairs & Maintenance|
|· Electricity expenses|
|· Travel expenses (for inspections), usually based on kms travelled.|
|· New asset purchases including description, date and cost of each item e.g. carpets, ovens etc.|