Rental Property Deductions Checklist (Australia 2025-26)

Published February 2026 Last updated February 2026

Last reviewed:

Primary tax-year context: 2025-26

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Investment PropertyDeductionsRental Property

General information only. Speak with a registered tax agent for advice.

The ATO separates rental expenses into 3 buckets: immediate deductions, deductions over several years, and non-deductible amounts. Correct classification matters.

Fast checklist

  • Immediate: rates, insurance, agent fees, eligible repairs
  • Over time: capital works, borrowing expenses, decline in value
  • Not deductible: private use costs and certain capital/private items

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