I have an investment property (residential rental) and have had to pay land tax. The payment was due on 5 July 2025 and I paid in July 2024. As far as I've read this is a tax deductible payment but I've read differing thoughts regarding when to claim. In my situation, would I claim in the Tax year 2024/2025 or does it apply to the previous year of 2023/2024. I am thinking the former as this is when the payment was made but appreciate your input.
Hi @sarez72
Land tax is a rental expense you can claim immediately meaning the year you paid it. If you've got an obligation to pay and you've paid it then claim it in that financial year. Keep records to back up your claim.
Hi @sarez72
Land tax is a rental expense you can claim immediately meaning the year you paid it. If you've got an obligation to pay and you've paid it then claim it in that financial year. Keep records to back up your claim.
22 Apr 2024 · 6 min read time
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