Rental properties

Date/time: Wednesday 3 July 2024 11:00AM-12:30PM AEST

$190.91 +GST

The ATO’s six data matching programs will provide the Commissioner with information about rental properties that is expected to lead to collection of extra tax to fill the $1.3 billion rental tax gap.

In this session, we’ll cover the key contributors to the rental tax gap, such as incorrect reporting of income and expenses, including interest expenses, insurance premiums, claim payouts, repairs costs and capital works deductions. We’ll also review:

  • the tax implications of refinancing, offset accounts and redraw facilities
  • deducibility of holding costs
  • vacant land rules
  • capital works v capital allowances v repairs deductions
  • second hand assets — depreciation and how rules interact with CGT on sale
  • when a property is available for rent and its relevance
  • travel expenses

This webinar will be presented by one of Tax Banter’s experienced tax trainers.

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