Category: deductions

Real estate investor crackdown: ATO targets dodgy deductions – Yahoo7 News 0

Real estate investor crackdown: ATO targets dodgy deductions – Yahoo7 News

The Australian Taxation Office will be targeting 2.1 million real estate investors incorrectly avoiding tax on their returns.A recent batch of 300 audits on real estate investors saw that almost 9 out of 10 returns contained errors, according to ATO commissioner Chris Jordan.“We’re seeing incorrect interest claims for the entire investment loan where it has…