The majority of property owners in Australia purchase investment properties because they offer both capital appreciation and a steady income stream in the form of rental income. According to the latest ATO data, over 2.2 million Australians own at least one investment property. This shows that the ATO not only keeps track of income and […]
Recently, the Australian Taxation Office (ATO) has announced that property expense claims will be a focal point of their scrutiny. This initiative stems from observations that some taxpayers tend to overclaim their investment property expenses. Even those who enlist the services of an accountant are not safe to these discrepancies. In some cases, clients may […]
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