Rental Property Tax Guide

These are fully deductible against your rental income:

Legal fees when purchasing the property
Accounting fees for your rental accounts and tax return
Advertising for tenants and letting agent fees
Property valuation for financing or chattel depreciation
Bank fees for rental related finance
Cleaning and rubbish removal
Repairs and maintenance
Lawn mowing and gardening
Insurance on the rental property
Interest on money borrowed to buy or renovate the property
Vehicle costs for property inspections (keep a mileage logbook)
Rent collection fees
Council rates
Home office costs if you manage the property from home