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.

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