ATO Cracking Down on Real Estate Investors 1

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Tuesday, September 1st, 2015
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Australian Taxation Office
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The Australian Tax Office is cracking down on people claiming excessive deductions on their rental properties.

Assistant deputy commissioner Adam Kendrick said some taxpayers are claiming rental deductions for holiday homes that appear higher than expected when compared to the rental income being reported.

“We are paying particular attention to excessive deductions claimed for rental properties, especially those located in popular holiday destinations around Australia,” he said in a recent statement.

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  1. Rob

    How dare the ATO target hardworking mum and dad investors.