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Notes Online Home 2023 Tax Schools Day 1 The ATO’s spotlight on rental properties in these tough times
This chapter will address the ATO’s spotlight on rental properties in these tough times.The following topics are covered:
- Dealing with the purchase of a rental property – the purchase price and related costs
- Common tax issues affecting rental property loans in the current economic climate
- Making the right distinction between a repair and an improvement to a rental property
- Rental arrangements involving related parties – the Tribunal decision in Rizkallah’s case
- Excessive claims for holiday homes (and similar properties) in the ATO’s firing line