August 17, 2015
Many people are unaware that they are failing to maximise their tax deductions in relation to rental properties and therefore also failing to maximise their rental property returns. If you have a rental property is always an opportune time to check one such deduction – Depreciation.
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July 6, 2015
With ongoing low interest rates it seems the hot property market won’t end any time soon. Hand in hand with that is also a boom in investment property ownership. The tax office has always shown a keen interest in investment properties but it has signalled it is specifically targeting this area in 2015 returns.
The emphasis is on making sure people aren’t over claiming deductions. In particular the ATO has said it is paying close attention to the following: