Testimonial - Australian Accounting & Taxation Services Pty Ltd

Rental Property Worksheet

Name

Date property first produced income

Number of weeks property rented

Was there any private use of the property? (Type Yes or No)

If yes, what percentage was used for private purposes throughout the year of income? (i.e. if the property was used for private purposes for 3 weeks in a year then the private use percentage would be 21/365)

Income

Gross rental income

Other rental income

Total income

Less: Rental Property Expenses

Interest on Loans directly related to Rental Property

Building write off (2.5% x $ )

Advertising

Agent Management Fees/Commission

Bank charges

Borrowing expenses

Cleaning

Depreciation

Gardening/Mowing

Insurance

Pest Control

Postage/Sundries

Land Tax

Council Rates

Water Rates

Other

Total rental property expenses

Less: private use (Total rental expenses x private use percentage)

Net rental income/loss

RENTAL PROPERTY

Rental Property Worksheet

Income

Less: Rental Property Expenses

Address

Phone

Email

Working Hours