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Top 10 tips for rental property owners by ATO

The ATO has published top 10 tips for rental property owners to help them avoiding common mistakes. Learn more to save your time and money.


Substantiation for work expense claims

If the claims are to be permitted, they must be substantiated by an individual incurring claims for work-related expenses, car expenses, and travelling expenses (Division 900 of ITAA97). Along with the incur deductible expenditure requirement, strict evidentiary requirement imposed by the “substantiation” rules must be satisfied if claims are to be permissible. or work expense claims


More details of First Home Super Saver and Downsizing plans uncovered

Discussion on the proposed First Home Super Saver scheme and the Contributing the Proceeds of Downsizing shut toward the beginning of August, with draft legislation just recently being tabled in Parliament.

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