Australian Tax Office focusing on holiday rentals

THE Australian Taxation Office is setting its sights on the large number of mistakes and false claims made by rental property owners who use their own property for personal holidays.

“Australians should be aware that the ATO is focusing on taxpayers who claim deductions for holiday homes which are not actually available for rent or only available to friends and family,” assistant commissioner Kath Anderson said.

“While private use by family and friends of a holiday home is entirely legitimate, it does reduce your ability to earn income from the property.

To view full articles in the CURRENT issue click HERE and follow the prompts to subscribe to YPCT-E.
For all previous issues please contact our office on 8821 1155.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Kadina Travel
Bridgestone Tyre Centre
Larwoods
Fraser Ellis
Crowell Concrete
Copper Coast Dental
Royal Exchange Hotel
Copper Coast Garage Doors
Kadina Jewellers
Carers & Disability
Coast Road Motors
SYP Motors
Spiderman YP
Barley Stacks Wines
Peninsula Plumbing
Remsco
GJ east
Loctite Self Storage
YP Community Transport
Ziersch Cabinetmakers
Yorke Valley Hotel
Elders
Minlaton Engineering
Sails
Optom All Vision Care
Star Of The Sea
Metal As Anything
Moonta Newsagency