[vc_row][vc_column][vc_column_text] Property Sales and Rental Income Data Matching Property Sales and Rental Income Data Matching The ATO has also advised that it is continuing its ongoing “Real property transactions 1985–2017 data matching program protocol”. It is undertaking this program to basically ensure that taxpayers are correctly meeting taxation obligations in relation to their dealings with […]
ATO increases focus on rental property deductions
ATO increases focus on rental property deductions The ATO has advised that it will have an increased focus on rental property deductions this Tax Time. It says that it will be paying closer attention to excessive deductions claimed for holiday homes in 2015, and will also be actively educating rental property owners about what they […]
Receiving a windfall
Receiving a windfall When receiving a windfall, i.e. an inheritence, gambling or monetary gift, the best way to use your windfall is to repay debts that you may have. An action plan for windfalls Seek professional advice on taxes and legal matters Deposit funds in insured bank accounts to ensure safety Don’t make any big […]