Do you own a rental property?

The ATO has released a helpful record-keeping checklist for rental property owners.

Keeping the right records from the start can make tax time much easier and help you stay organised when it comes to claiming eligible rental property expenses.

The checklist covers what records to keep for things like:

• rental income

• interest expenses

• repairs and maintenance

• council rates and insurance

• body corporate fees

• property management costs

If you’ve recently purchased an investment property, this is a useful resource to save.

View the ATO checklist here:

https://www.ato.gov.au/tax-and-super-professionals/for-tax-professionals/prepare-and-lodge/tax-time/tax-time-toolkits/tax-time-toolkit-for-investors/rental-property-expenses/record-keeping-for-rental-properties

Need help or have questions?

Tes at WAI Accounting Services can help you understand what records you may need to keep for tax time.

General information only. Please seek advice based on your personal circumstances.