Rental properties – claiming travel expenses deductions

From 1 July 2017, travel expenses relating to a residential investment property are not deductible. A residential premise (property) is land or a building that is: occupied as a residence or for residential accommodation intended to be occupied, and is capable of being occupied, as a residence or for residential accommodation. Under the new legislation, you…

‘Biggest Ever’ ATO Deductions Campaign

The ATO has kicked off its taxpayer-focused tax time education campaign, with a series of tailored emails to tax agents and self-preparing taxpayers as it seeks to clamp down on work-related deductions. The tax office has sought to raise awareness of the myDeductions tool in the ATO app to “save hours of work at tax…
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