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Expense claims

Many real estate agents are doing the right thing. So tax returns where personal expenses have been claimed or other expenses have been inflated stand out.

Be sure of what you can and can’t claim – have a read about gift, clothing, grooming, home office, meal, entertainment, vehicle, and other expenses.


Good record keeping

In addition to claiming correctly, you’ll also need to be able to substantiate your claims.

Good practice for real estate agents is to record property references for the expenses you claim. For example, add to the information in your bank statement who you had dinner with and what property address it related to.


Record keeping

Putting past tax returns right

If you’ve realised you’ve over-claimed your expenses in a past tax return, it’s not too late to go back and fix it.

It’s better to tell us now, rather than waiting for us to find out some other way.

By making a full voluntary disclosure, you may have your shortfall penalty reduced by up to 100% and you may avoid prosecution.

Make a voluntary disclosure

Rental property

Learn more about residential property deductions rules (also known as the ring-fencing rules) that cover how to handle excess deductions.

See if the bright-line property rule applies to your rental property if you’re buying and selling property bought on or after 1 October 2015.

Residential rental property deductions


The brightline property rule

Fair for all

You have an important role in keeping your industry fair for all. If you know someone is claiming back more than they’re allowed to, you can let us know confidentially.

Report tax evasion or fraud anonymously

If you have any questions, you can contact us at: 

[email protected]


If you do not already have a tax agent, getting one could free you up to focus on what you do best.

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