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Schedule 1. to be completed by all new & existing Clients every financial year

Schedule 2. to be completed (Once only) by all new & existing Clients who have only owned a property for part way through the financial year and not previously reported to the ATO that they have a rental property for tax purposes.if you have paid for a depreciation report go to schedule 4 to upload

Schedule 3. to be completed by all new Clients that have previously had a rental property reported to the ATO by another tax agent.

Note: if you have been to us before and are a returning client you only need complete schedule 1 above.

FAQ 1.Rental Schedule 2.New Rental Property Questionaire 3. Established Rental Property Upload Deprec. Reports

Landlords enjoy many tax benefits of negative gearing.

What is a negatively geared property?

Negative gearing occurs when the rental income you receive is less than the total costs involved of owning that investment property.

Often referred to as ‘capital growth properties’, negatively geared investments are expected to appreciate (grow) in value over time, and this increase is expected to outweigh any short-term financial losses. These properties are commonly located in areas closer to capital cities which typically perform better over the long term.

How it works:

As an example, let's imagine you purchase an investment property for $440,000. The property is located in a high growth, stable area where properties are renting for a more affordable amount due to a higher availability of rental properties in the area. You rent the property to tenants for a rental return of $425 per week.

The repayment costs for your property (loan repayments/property management fees/rates etc.) totals $440 per week. Therefore, after all expenses - the rental income for this property does not fully cover repayment costs and you have a short-fall of -$15 per week. In this situation, the property is negatively geared.

	This will enable Policetax to start your rental schedule required to complete your current years tax return,please provide 48 hours prior to appointment. You can also use this section to complete your tax online. (click the Start Here Button)
	Expenses for which you may be entitled to claim an immediate deduction include: advertising for tenants body corporate fees and charges council rates water charges land tax cleaning gardening and lawn mowing	Depreciation for year pest control insurance (building, contents, public liability) interest expenses property agent's fees and commission repairs and maintenance

New Property Questionaire ( to assist with Depreciation schedule preparation)	For new landlord clients this will assist in preparing a rental property depreciation schedule. if you have been provided with a quantity suveyors or builders derpreciation report you can upload it here You can also use this section to complete your tax online. (click the Start Here Button)
	What is property depreciation? Depreciation is an annual income tax deduction that allows you to recover the cost or other basis of certain property over the time you use the property. It is an allowance for the wear and tear, deterioration, or obsolescence of the property.

Established Rental Property (Depreciation Established)	( Pre Existing Depreciation Schedule Available from a previous financial Year) You can also use this section to complete your tax online. (click the Start Here Button)
	What is property depreciation? Depreciation is an annual income tax deduction that allows you to recover the cost or other basis of certain property over the time you use the property. It is an allowance for the wear and tear, deterioration, or obsolescence of the property.

Upload Reports Depreciation reports professionally prepared here.
	You have Depreciation Schedule available from a quantity survey of builder to assist in preparing your tax. please upload for Prior to your appointment at least 48 Hours before. You can also use this section to complete your tax online. (click the Start Here Button)