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.