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.

Copper Coast Auto Electrical
Bridgestone Tyre Centre
Royal Exchange Hotel
Kadina Jewellers
Kadina Travel
Moonta Newsagency
Yorke Valley Hotel
Optom All Vision Care
Copper Coast Garage Doors
Wallaroo Pizza and Pasta
Spiderman YP
Minlaton Engineering
Coast Road Motors
Peninsula Plumbing
Maitland Marine Services
Kadina Hotel
YP Community Transport
Protea Auto
Ziersch Cabinetmakers
Star Of The Sea
SYP Motors
Crowell Concrete
Metal As Anything
Loctite Self Storage
Desmond's Meat Service