Videos for investment property owners

The Australian Taxation Organisation announced recently that it is increasing its focus on rental property deductions.

Coming under close scrutiny will be common errors made by property investors, including claiming rental deductions for properties not genuinely available for rent, incorrectly claiming deductions on properties like holiday homes or overstating deduction claims for the interest on loans taken out to purchase, renovate or maintain a rental property.

If you are unsure about your record-keeping or tax obligations, the ATO has produced a series of web videos that will help clarify some common tax issues. View them on the ATO website and if you have any questions, get in touch.