Johanna says: 14 July 2015 at 9:11 Hi, I am renting out a property. I've used your easy questions to fill in all the necessary information regarding the income and expenses related to renting out that property, but I am not confident about what supporting documentation I require to keep on hand for the rental property. I have all the levy and rates invoices, rental agreements and legal costs invoices and the bank statements for the bond financing the property. However the agent does not supply me with invoices for her commission. Can I include the commission as an expense, or should I rather leave it off? |
TaxTim says: 14 July 2015 at 16:02 Yes you can include these as they are legitimate expenses. Can you ask the agent to provide you a statement of account or invoices? Otherwise can you prove the amounts paid to her on your bank statements? |