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![]() If they don't provide you with an ABN, you may have to withhold 47% from that payment and pay it to us. can claim deductions over a number of income yearsįrom 1 July 2020, when you make a payment to a contractor (such as a tradesperson) for services connected with your rental property, check that they have an Australian business number (ABN).can claim an immediate deduction in the income year you incur the expense.There are three categories of rental expenses, those for which you: ![]() However, you cannot claim expenses of a capital nature or private nature (although you may be able to claim decline in value deductions or capital works deductions for certain capital expenditure or include certain capital costs in the cost base of the property for CGT purposes). ![]() You can claim a deduction for certain expenses you incur for the period your property is rented or is genuinely available for rent.
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