Rental Checklist

Name*

First Last

The information in this form relates to the year ended:*

Whose names are registered on the certificate of title?

(usually only these persons will be entitled to make a claim).

To minimise accounting costs, please fully complete this form.
If you have any questions, please phone us on 273 7377.
N.B. All information should be stated GST inclusive.
(Residential Landlords should not be GST registered except in rare cases).

Address of Property

Number of months available for rent

Any private use by Owner or Relative?

(May trigger Mixed Use Asset rules)

Yes
No

Please advise private duration

Was market rent charged?

Yes
No

If below market rent was charged, please explain.

Any Short Term Rentals?

(tenants principal place of residence elsewhere)

Yes
No

Please provide details of short term rentals

Drop files here or

Max. file size: 256 MB.

Rental Income

Total Rent Received

1st Property	2nd Property	3rd Property

Expenses

Expenses are only deductible providing they relate to earning taxable income.

Commission on Rents Collected

1st Property	2nd Property	3rd Property

Insurance - House & Contents

1st Property	2nd Property	3rd Property

Interest

1st Property	2nd Property	3rd Property

Please supply bank documents if possible ie:

- revolving credit loan*
- other loans
*Revolving credit loan (RCL) interest will probably be non-deductible where drawings increase borrowings for private purposes & salary reduces the original business tax deductible loan. Decide whether material to calculate deductible portion. We advise that only disposable income should be credited to the RCL (i.e. non-deductible drawings not be deducted from the loan). Please ask for tax planning assistance.

Drop files here or

Max. file size: 256 MB.

Rates - Land & Water

1st Property	2nd Property	3rd Property

Repairs & Maintenance

1st Property	2nd Property	3rd Property

Please provide Repairs & Maintenance details

Drop files here or

Max. file size: 256 MB.

Security Costs

1st Property	2nd Property	3rd Property

Please provide Security cost details

Drop files here or

Max. file size: 256 MB.

Other Expenses

1st Property	2nd Property	3rd Property

Please provide Other Expense details

Drop files here or

Max. file size: 256 MB.

Any expenses incurred after ceasing to rent?

1st Property	2nd Property	3rd Property

Chattels bought or sold

Please upload a list for depreciation that includes the date purchased and the cost.

File

Drop files here or

Max. file size: 256 MB.

First or Last year of ownership only

Was the property bought or sold in this financial year?

Yes
No

Please upload Sale & Purchase Agreement

Drop files here or

Max. file size: 256 MB.

Please upload Lawyers Statement

Drop files here or

Max. file size: 256 MB.

Please upload Purchase / Sale Costs

Valuer, surveyor, engineer, real estate agent fees, advertising

Drop files here or

Max. file size: 256 MB.

Please upload Valuation showing Land, Buildings, Chattels and Building Fitout etc separately.

(this is for depreciation claims and or adjustment on sale)

Drop files here or

Max. file size: 256 MB.

Please upload List of Chattels

Cost on Purchase, or Sale price

Drop files here or

Max. file size: 256 MB.

NB: For a rented Holiday House, special Mixed use Asset rules and possibly GST may apply.

A separate checklist will apply in this case.

Signature*

Date*

Any additional comments you would like to add for the accountant?

Please indicate which staff member you would like to email your form to:*

Andrea Morrison
Rachel Larkin

Rental Income

Expenses

Chattels bought or sold

First or Last year of ownership only

NB: For a rented Holiday House, special Mixed use Asset rules and possibly GST may apply.

Lindsay & Associates