Maximising Holiday Home Deductions A Guide to Valid Rental Expenses Taxpayers should remember that they can only claim deductions for holiday home expenses to the extent they are incurred for Read More…
ATO warns property investors about common tax traps In 2019/20, over 1.8 million Australians owned rental properties and claimed $38 billion in deductions, so the ATO is reminding property investors Read More…
Rent or lease payment COVID-19 changes The ATO has provided updates regarding the tax implications when a landlord gives, or a tenant receives, rent concessions (such as waivers or deferrals Read More…
New ATO data-matching programs involving property The ATO has advised that it will engage in two new data-matching programs dealing with property transactions, as follows: The ATO will acquire property Read More…
The margin scheme may allow a property owner to pay less GST when they sell the property Rather than paying 1/11th of the total sale price, sellers may be able Read More…