Rental Property Tax Impact Calculator

Estimate the portential tax savings (or charge) from renting out your property by calculating rental income versus expenses. Use ATO tax rates and average property costs across Australia.

Your Information

Annual Income (Gross)

Financial Year

Number of Property Owners

Rental Income Amount

Rental Income Period

Loan & Interest Details

Loan Value ($)

Annual Interest Rate (%)

Interest Input Method

Annual Interest Used: $0

Property Expenses

Below are average costs across Australia for rental properties. Edit these to match your actual or expected expenses.

Council Rates (Annual) ($)

Water & Sewerage (Annual) ($)

Insurance (Annual) ($)

Maintenance & Repairs (Annual) ($)

Mint Property Mate or Property Management Fee (% of rent)

Strata/Body Corporate Fees (Annual) ($)

Other Expenses (Annual) ($)

Your Negative Gearing Results

Total Rental Income

Total Expenses (Including Interest)

Net Rental Position (Profit / Loss)

Taxable Income (After Loss Offset)

Your Marginal Tax Rate (including the 2% Medicare Levy)

Estimated Annual Tax Impact

Your share: $0 (÷ 1 owner)

How This Works

Negative Gearing Formula

Net Rental Position = Rental Income - Total Expenses

Tax Savings Calculation

If your rental result is a loss, it may offset your other income and create tax savings. If your rental result is a profit, it can increase taxable income and create extra tax payable.

Tax Impact = Net Rental Position × Your Marginal Tax Rate

ATO Tax Rates by Financial Year

2023-24: Legacy brackets (19% / 32.5% / 37% / 45% + Medicare Levy)
2024-25, 2025-26, 2026-27: Stage 3 brackets (16% / 30% / 37% / 45% + Medicare Levy)

Multiple Owners

If multiple people own the property, divide expenses among owners. This calculator splits the net loss and tax savings equally.

Important: This calculator provides estimates based on current ATO tax rates and average property costs. Actual tax savings depend on:

Your exact annual income and other deductions
State and territory-specific rates and charges
Your actual property expenses
Medicare Levy and other tax offsets
Whether you claim depreciation

Need Help? Consult a tax professional or visit the ATO website for detailed guidance on negative gearing and tax deductions for rental properties.

Disclaimer: This calculator is for educational purposes only and should not be considered tax advice. Tax laws change frequently, and individual circumstances vary. Always consult with a qualified tax accountant or the Australian Taxation Office (ATO) before making financial decisions. Mint Property Mate is not liable for any decisions made based on this calculator's results.