What goes on the rental schedule for each property?

The rent received and the expenses for that property, by type: loan interest, rates, strata or body corporate fees, insurance, repairs, property management, depreciation and capital works. Each figure is your share, and the schedule ends in a net rental result for the property, which is added to the results of any others you own.

Do co-owners of a rental each report it on their own schedule?

Yes. Each co-owner reports their own share of the rent and the expenses on their own return, in proportion to their legal ownership — so a couple owning a unit half each report half each, even if one of them paid most of the bills that year.

What is the rental schedule called in other countries?

In the United Kingdom it is the SA105 property pages, in the United States Schedule E, in Canada form T776, and in New Zealand the IR3R. Each follows the same pattern of rent, expenses by type and a net figure per property, though which costs are allowed differs from country to country.

Income tax · AU

Rental schedule (rental property schedule)

Where each rental’s income and expenses are reported.

The rental schedule is where an Australian tax return reports each rental property’s income and expenses — rent, interest, rates, repairs, depreciation and capital works — property by property and at your ownership share. The net result of every property together flows into your taxable income, as a profit or a loss.

Other countries have their own version: SA105 in the United Kingdom, Schedule E in the United States, form T776 in Canada and IR3R in New Zealand. The shape is the same everywhere — income, then expenses by type, then a net figure per property — which is why keeping costs by property through the year makes the form a copy exercise rather than a reconstruction.

Worked example

You own half of a unit. It earns $24,000 in rent and costs $16,000 to hold, so your schedule reports $12,000 of rent and $8,000 of expenses: a net rental result of $4,000. Your co-owner reports the other half on their own return.

Common mistake

Reporting the whole property’s figures when you own part of it. Each co-owner reports their own share of the rent and the costs, set by the legal ownership, not by who paid a particular bill.

See it in AI2Fin: Properties — costs split by use →

Grounded in ATO — How to claim rental expenses guidance. Figures last checked 24 September 2026. General information, not tax advice.

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