How do I submit or apply for monthly tax return for my Investment Property Depreciation Schedule. So ATO will make the payment to me on monthly basis.
Can I apply the above monthly depreciation tax return on the property expenses? (e.g. agent fee, etc)
Hi @AusCrypto2022,
In Australia you only need to lodge an individual tax return after the end of the financial year (FY). A financial year is from 1 July - 30 June of the relevant FY. You have till 31 October to lodge your tax return with us. There's no requirement to lodge a monthly depreciation schedule.
If you have a depreciation schedule for your rental property, you'd report this to us on your tax return at the Rent section. You'll also need to include your rental income and deductions for the FY. You can view myTax instructions - Rent from here. We're currently in the 2022-2023FY and you won't need to report to us till after 30 June 2023.
Hi @AusCrypto2022,
In Australia you only need to lodge an individual tax return after the end of the financial year (FY). A financial year is from 1 July - 30 June of the relevant FY. You have till 31 October to lodge your tax return with us. There's no requirement to lodge a monthly depreciation schedule.
If you have a depreciation schedule for your rental property, you'd report this to us on your tax return at the Rent section. You'll also need to include your rental income and deductions for the FY. You can view myTax instructions - Rent from here. We're currently in the 2022-2023FY and you won't need to report to us till after 30 June 2023.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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