16
Jan 2025
Ensuring ATO Compliance for Property Investors
Each tax season, the Australian Tax Office directs its attention to specific areas where taxpayers tend to make mistakes, whether inadvertently or intentionally. Rental properties have been under the spotlight this financial year-end with the ATO recently announcing that, after a series of audits, they found errors in 90% of rental property related returns, amounting to a shortfall of close to $1.3 billion between the amount collected and the amount owing.
At the start of the new financial year, property investors have a valuable chance to review and enhance their investment approaches. This article, brought to you by BMT Tax Depreciation, gives tips to consider to effectively gear up for the new year. Know the important tax dates Knowing the important tax dates is essential in preparing for the new financial year. 30 June marks the end of the financial year,
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim