The ATO is targeting property investors
It's all very terrifying when you read a media headline like that, but staying on the right side of the rules doesn't have to be that complicated.
Join Mike Mortlock as he outlines the three main areas that property investors need to watch out for:
1. Repairs and Maintenance deductions
2. Interest deductions and equity redraws
3. Qualifying and eligibility for claims and partial claims
The ATO reported that 90% of their sample of investors had mistakes in their returns. They've been allocated more resources so it's important to avoid these mistakes.
Check out Mike's recent article to understand the difference between a depreciable asset and repairs/maintenance.