ATO clearance certificate to sell your home

From 1 July 2016 there is a 10% non-final withholding tax on payments made to foreign residents that dispose of certain taxable Australian property. 10% non-final withholding tax on payments made to foreign residents that dispose of certain taxable Australian property. Assets affected This withholding is limited to taxable Australian property, being: Real property in…

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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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