(2022)
What can I deduct as income-related expenses?
All expenses incurred in connection with the rented property can be deducted as income-related expenses. These include in particular the following costs:
- Administrative costs
- Costs for estate agents, service charges, advertisements or a rental service
- Interest on a loan
- Depreciation
- Property tax
- Bank charges, overdraft interest etc.
- Insurance (liability, fire, water etc.)
- Electricity costs for house lighting
- Heating and hot water
- Costs for sewage, waste disposal, chimney sweep, street cleaning
- Caretaker costs (also property management and cleaning)
- Trips to the property, estate agent or owners' meeting
- Cosmetic repairs
Additional costs that you settle with your tenants can only be declared as income-related expenses in your tax return if you also enter them as income from renting and leasing.
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