2020 Rental Property Checklist Name First Last Address Street Address Address Line 2 City State / Province / Region ZIP / Postal Code AfghanistanAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBoliviaBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos IslandsColombiaComorosCongo, Democratic Republic of theCongo, Republic of theCook IslandsCosta RicaCroatiaCubaCuraçaoCyprusCzech RepublicCôte d'IvoireDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatini (Swaziland)EthiopiaFalkland IslandsFaroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard and McDonald IslandsHoly SeeHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMacauMacedoniaMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesiaMoldovaMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorth KoreaNorthern Mariana IslandsNorwayOmanPakistanPalauPalestine, State ofPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarRomaniaRussiaRwandaRéunionSaint BarthélemySaint HelenaSaint Kitts and NevisSaint LuciaSaint MartinSaint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint MaartenSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth GeorgiaSouth KoreaSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan Mayen IslandsSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUS Minor Outlying IslandsUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaVietnamVirgin Islands, BritishVirgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabweÅland Islands Country Date property purchased Date Format: MM slash DD slash YYYY Cost of propertyNumber of weeks available for rent this year?Was the property sold this year?YesNo(If property sold, please provide settlement statement for both purchase and disposal)Date of Sale Date Format: MM slash DD slash YYYY Do you have a quantity surveyor report?YesNoIf yes, please provide a copyIs property a shared ownership?YesNoIf yes, please provide more detail belowOwnership detailsName% Ownership IncomeGross rental incomeOther rental incomeOther rental may income compensation for lost rent (insurance payments), rental bond money retained to cover outstanding rent or to cover damages sustained to the property, reimbursements and recoupments, such as tenant's reimbursements for cost of repairs to the property, government rebates for the purchase of a depreciating asset such as a solar hot water system, etc.DeductionsAdvertising for tenantsBank feesBank fees for accounts used for collecting rent and paying outgoingsBody corporate feesBorrowing expensesSearch fees, valuation fees, survey and registration fees, stamp duty, broker's commissions, mortgage insurance etc. (Note: borrowing expenses are deductible, but not all at once)Capital allowancesAnnual write-off for the depreciation of the building and/or any structural improvements or additions. CleaningCouncil ratesDepreciation of fixed assetsCarpets, blinds, hot water system, air conditioningElectricity/GasElectricity and gas expenses not paid for by the tenant.Gardening/ lawn mowingInsuranceBuilding, fire, burglary, public liability, landlord insurance.Interest paid on loanLand taxLease preparation, registration, stampingLegal costsRecovering unpaid rent, seeking damages for breach of agency agreement, reviewing tenant credit worthiness, etc.Pest controlProperty management fees/commissionQuantity surveyor's feesFor claiming capital allowances and depreciationRepairs and maintenanceInitial repairs will be considered capital improvements and written down over timeSecretarial and bookkeeping feesBookkeeping fees, accountants fees and fees for accounting softwareSecurity monitoring costsStationery, telephone and postageStationery used to maintain your rental records. Telephone calls relating to property management – Keep a diary record of these to satisfy the ATO. Postage on documents relating to property managementWater chargesWater charges not paid for by the tenantOtherAssets purchased for propertyDateDescriptionCost Upload any documentationOther important informationTravel expenses From 1 July 2017, travel expenditure incurred by a taxpayer in relation to travel to a rental property is not deductible. If you used your property for both private and income-producing purposes, you can only claim a deduction for the portion of any expenditure that relates to the income-producing use. For example, with holiday homes and time-share units, you can't claim a deduction for any expenditure related to those periods when the home or unit was used by you, your relatives or your friends for private purposes. If only part of your property was used to earn rent, you can claim only that part of your expenses that relates to the rental income. As a general guide, apportion your expenses on a floor-area basis – that is, based on the area solely occupied by the tenant, together with a reasonable figure for their access to the general living areas, including garage and outdoor areas if applicable.