Car park rental for investment property a deduction?

Question

 · Accepted Answer

CaroATO · Answer

It's an awesome idea, however, it's the rental property that's earning the investment income and not the car park. Keep in mind there are 3 rental expense categories you can claim a deduction for, neither of them includes car part rental. It's a personal expense. If you haven't already check out the rental properties guide (https://www.ato.gov.au/Individuals/Tax-return/2022/In-detail/Publications/Rental-properties-2022/?=redirected_RentalProperties-redirect) on our website.

Explore tax & super topicsExplore tax & super topics

About usAbout us