Do you own a rental property or holiday rental?
You need to keep records for residential or holiday property you rent out, make available for rent or intend to rent out.
You will need these records to work out how much:
- rental income you need to declare
- you can claim as a deduction for your expenses.
In some circumstances, you may need to provide these records as proof that you were the one to incur the expense.
Find out everything you need to know: Records for rental properties and holiday homes | Australian Taxation Office (ato.gov.au)