Acccurium education
   <  Back to Accurium

ATO rental property targets

Recorded live 8 Aug 2024
Capital gains & losses

$213.64 +GST

Audience

This training is recommended for:

  • Accountants working in public practice
  • All practitioners working with tax
Audience

Learning outcomes

On completion, participants will be able to:

  • Understand how to determine whether interest expenses are deductible, including arrangements involving redraw and offset facilities
  • Identify situations where the significant restrictions on depreciation deductions can be triggered
  • Work out the tax treatment for short-term rental properties and holiday homes that are used to produce income

Understand how to apply the CGT rules correctly on sale of the property

Learning outcomes

Relevancy

This event was presented live 08/08/2024.

Relevancy

CPD hours

1.25 (est.) pending FAAA accredited CPD hours.

CPD hours

The ATO says that a “majority” of rental property owners are making errors in their tax returns, despite 86% using a registered tax agent. Incorrect interest expense claims by rental property owners are estimated to account for an estimated $500 million tax gap.

The pressure is on clients who own rental property and their accountants. Data matching and the new short-stay sharing economy platform reporting regime, mean that it is easier than ever for the ATO to identify mistakes.

Changes to the tax rules dealing with rental properties over the last few years have also increased the level of risk as many clients (and some practitioners) are unaware of how easy it is to fall foul of the rules.

The ATO Rental Property Targets Webinar looks at the key issues the ATO is focusing on when reviewing tax returns for rental property owners, including the treatment of interest expenses, repairs and depreciation deductions. We also look at some of the concerns raised in connection with short-term rental arrangements and how to determine whether a property is genuinely available for rent.

Rae Ni Corraidh Round

Presented by

Rae Ni Corraidh
Tax Adviser
Knowledge Shop

This webinar is presented by our partners at Knowledge Shop.

Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The General Terms and Conditions can be accessed here.
Accurium-logo-PNG2.png
Sign up to newsletter
Facebook Twitter Linkedin
Copyright © 2023 Accurium Pty Limited. ABN 13 009 492 219