Landlords to be targeted by ATO over rental property claims
The tax office has forewarned landlords that dodgy or erroneous rental claims are at the top of its annual hit list for 2024.
The ATO is casting its magnifying glass over taxation claim forms from landlords. (Image source: Shutterstock.com)
The Australian Taxation Office (ATO) has identified three common errors it will be targeting as tax time approaches, and landlords’ ears should be burning.
Inflated claims for rental properties are in the ATO’s crosshairs, as the tax collector bristles at data showing 90 per cent of rental property owners are getting their income tax returns wrong.
ATO Assistant Commissioner Rob Thomson said rental properties, work-related expenses, and a failure…
