There are a host of expenses you can claim relating to your rental property but only for the period your property was rented or available for rent.

These expenses could include:
• advertising and marketing costs associated with finding a tenant;
• bank charges and borrowing expenses;
• insurance;
• body corporate fees, council rates and land tax;
• property agent fees or commissions;
• decline in value of depreciating assets;
• repairs and maintenance, gardening, lawn mowing and pest control;
• water charges; and
• travel undertaken to inspect the property or to collect the rent.