RENTAL PROPERTY CHECKLIST SCHEDULE

Save & Return

Use an account to return to saved work.

Which Financial Year does this Schedule relate too *

New Brightline Test / Interest Deductibility Rules

Are you aware of the new tax rules relating to residential property and - the deductibility of interest payments (from 1st April 2021) - brightline test rules *

Property Details

Legal Owner of Property (Names on Certificate of Title) *

Address of Property Rented *

Address Line 2

City *

Zip/Postal Code *

Country *

Dates Property Available to Rent (if not available during the entire year) *

Is this is the first year you have owned or rented out the property? *

YES

NO

Upload copy of solicitors settlement statement with purchase details (both vendor and purchaser statements)

Upload details of any chattels purchased (nature, cost, acquisition date) i.e. Dishwasher, Clothes Lines

Upload loan advance details, detailing the borrowers names, and the security used for the lending (I.e. registered mortgage against the rental property)

GST
(Note: the supply of residential accommodation is exempt from GST).
Are you registered for GST? *

YES

NO

If so, we will be in contact to discuss further information required.

Rental Income *

	$ or Mths
Total rental income earned (gross)	$ or Mths
Number of months property was available for rent during year	$ or Mths

Have you or any family members (Private Use) been occupying or renting the Property during the year? *

YES

NO

Details of Private Use *

	Days
Private Use	Days
Income Earnings	Days
Unoccupied	Days

Expenses *

	$
Collection costs or number of kilometres driven to collect rents and	$
service/maintain/inspect property	$
Commission / fees for property management	$
Home office use (discuss any claim)	$
Insurance – House	$
Insurance - Contents	$
Interest cost (exclude principal content of loan repayment)	$
Legal expenses – attach copies of invoices	$
Power	$
Rates (including water rates if applicable)	$
Repairs and maintenance (please provide details)	$
Other expenses – please provide details, e.g. advertising etc	$

Upload Supporting Documents - 10 Documents

Was the property sold during the year? *

YES

NO

Upload copy of settlement statements with sale details being:

Solicitors Settlement Statements
Mortgage Settlement Statement
Real Estate Agents Commission Invoice

Details of any chattels sold for with the property

Details of any chattels retained from the property:

Was there refinancing on the property during the year?
(i.e. changing of the mortgage) *

YES

NO

Please upload supporting documents for the refinancing:

Any additional details around refinancing