The ATO’s two key areas of concern are work related expenses and rental deductions, and this month’s focus is on rental deductions.
The ATO has a range of advice and guidance products available on their website, including:
· A comprehensive rental property guide: ato.gov.au/rentalpropertyguide
· A series of short videos on common issues: ato.gov.au/rentalvideos; and
· A growing suite of factsheets in our Tax Time Toolkit: ato.gov.au/10rentaltips and ato.gov.au/taxsmartinvesting.