Rental mortgage – interest expenses

Almost one‑third of people made mistakes when claiming their interest deductions. This information will help you get your claims right in your tax return.

Remember the following three key points:

  • The property must be rented, or genuinely available for rent at the time you incur the interest
  • Only claim the interest on the loan that relates to your rental property, not your private expenses
  • Keep all your records that show how you calculate your interest.

For full details on what you can and cannot claim, download this Rental mortgage – interest expenses from the Australian Taxation Office or give us a call on 07 5449 9955.

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