Ledger | Description | Deduction type |
Bank costs | Costs related to your bank account | Pro-rated |
Community fees | Monthly fees for the community of the property/urbanization | Pro-rated |
Furniture, Appliances and Inventory | Costs associated with Furniture (such as beds and sofas), Appliances (such as tv, washing machines) and Inventory (such as cutlery, plates, cups) for your property | Write-off (10 years) |
General and administration costs | Costs for accounting and software for example. Please note: This ledger is not intended for property purchasing costs! | Pro-rated |
Insurance | Insurance for your property | Pro-rated |
Internet & TV subscription | Recurring costs for internet and tv | Pro-rated |
Maintenance and service (for renting out) | Maintenance and services that are needed to keep the property in a good condition for renting out. | Fully deductible |
Mortgage | Your mortgage payment | Pro-rated |
Other costs | Other pro rata deductible expenses that do not fit in other ledgers | Pro-rated |
Property purchasing costs | Costs associated with the purchase of the property (such as purchase assistance costs, notary costs, legal fees and cadastral registration fees) | Deductible at moment of property sale |
Renovation | Costs associated to renovation of the property | Pro-rated |
Rental revenue | Revenue generated via rentals |
|
Services (per booking) | Costs for cleaning and management services directly related to bookings | Fully deductible |
Taxes | Taxes such as property tax | Pro-rated |
Utilities | Recurring costs for water, electricity and gas | Pro-rated |
