Tag: deduction

ATO warns about incorrect claims for personal super contributions
Apr 16

ATO warns about incorrect claims for personal super contributions

The ATO says its recent audit activity has identified a high rate of incorrect claims for deductions for personal super contributions in 2008 tax returns. According to the ATO, many of the incorrect claims are attributable to a failure to consider the new legislative requirements now governing this deduction. You are eligible to claim a…

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Rental properties claims – common mistakes
Feb 1

Rental properties claims – common mistakes

The ATO has highlighted common errors it has found in tax returns of property investors, esppecially first time investors. Incorrectly claiming deductions can be costly. Common mistakes Claiming deductions for rental properties not genuinely available for rent incorrectly claiming deductions for properties only available for rent part of the year, for example a holiday home…

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