RENTAL PROPERTY Damien purchased a rental property in a contract that settled on 1 July 2018. The property was available for rent and listed with a real estate agent immediately, however it was not rented until 1 August 2018. Damien received the following statement from the real estate agent: In addition, Damien incurred the following expenses. $ 1,200 Body corporate fees and charges $ 1,850 Council rates $ 695 Insurance $25,200 Interest on loan(s) $ 998 Water charges $ 125 Travel to inspect the property (taxi fares) $ 1,350 Replaced carpet to living areas (12 May 2019) $ 5,200 New Patio constructed (14 February 2019) $ 790 Quantity Surveyors Report The quantity surveyors report stated that the construction of the property was completed on 12 September 2002. The details of the construction cost are shown below: Part One What will Damien include at Item 21P of the tax return?

$19,318 / L

$17,030

$16,800

Hint: 1 Correct answer (s)

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Part Two - Continuing on with Damien What will Damien include at Item 21Q of the tax return?

$25,200

$23,260

$23,061

Hint: 1 Correct answer (s)

Part Three - Continuing on with Damien What will Damien include at Item 21F of the tax return?

$3,476

$3,507

$3,750

$3,799

Hint: 1 Correct answer (s)

Part Four What will Damien include at Item 21U of the tax return?

$7,123

$7,386

$8,699

$6,759

$7,511

Hint: 1 Correct answer (s)