Download - Horizon Accounting Rental property summary
Horizon Accounting – Rental property summary
Current as at 1 July 2020
Client Name:
Rental Property Address:
Year ended:
Note: If you receive an Annual Statement for your Real Estate Agent – there is no need to copy
across items. Please provide a copy of the Annual statement and note below only items that
you paid directly
Date property first rented:
Numbers of weeks property rented this year:
Rental Income
Other Income – Water rates recovered / Insurance recovery /
D Advertising for tenants
E Body corporate fees
E Body corporate fees
‐ Contributions to special purpose fund to pay for capital works?
E Body corporate fees
‐ Did you make a special contribution for capital works which was paid from a general purpose sinking fund?
F Borrowing expenses
G Cleaning
‐ were any cleaning expenses re‐imbursed by an outgoing tenant (by withholding part/all of the rental bond)
H Council rates
Horizon Accounting – Rental property summary
Current as at 1 July 2020
I Capital allowances (depreciation on plant)
Did you obtain a professional Quantity survey report?
J Gardening/lawn mowing
K Insurance
L Interest on loan(s)
‐ remember to REMOVE any PRIVATE portion of interest from claim
M Land Tax
N Legal fees – only fees relating to rent collection / tenant eviction / defend objections from neighbours
O Pest control
P Property agent fees/commission
Q Repairs & maintenance – Rectifiying damage/deterioration to the property, such as:
‐ repairing a broken window or resealing a leaking window; ‐ replacing broken bathroom tiles; ‐ repainting peeling or dirty internal walls; ‐ replacing rotten floor boards and/or polishing fllowboards ‐ replacing damaged or worn out curtains, blinds and carpets; and ‐ removing mould damage in the property
R Capital works deductions (special building write‐off)
Did you obtain a professional Quantity survey report?
‐ replacing the entire kitchen of the property; ‐ installing a new electrical switchboard to the property; ‐ replacing a timber framed window with aluminium frame; ‐ replacing an existing draped shower screen with a new fixed glass
shower screen ‐ adding an extra bedroom to the property ‐ adding a balcony to the property
S Stationery, telephone and postage
U Water charges
V Sundry rental expenses