As seen in Woopi News September 2024 This question is more commonly asked about holiday rentals or other short-term accommodation but can apply in other circumstances as well. So why is this question important? It has to do with the deductibility of expenses...
Blog / Investment Property
Residential Investment property – ATO Data matching and increased Audit focus
The Australian Taxation Office have released data that 90% of Tax Returns containing a residential property rental schedule have contained at least one error.