With millions of Australians battling the cost-of-living crisis, we’ve got all of the changes coming to tax returns – and how they will impact you. 9News
- whether deliberately or accidentally.
That came after a report found nine in every 10 landlords either made mistakes in their returns or wrongfully claimed expenses, costing the nation $1.3 billion in missing tax revenue. We encourage rental property owners and their registered tax agents to take extra care this tax time and review their records before lodging their return," Assistant Tax Commissioner Tim Loh said in May.
Loh also warned the ATO would be on the lookout for incorrectly claimed work-from-home expenses, and that capital gains tax was its third key focus area for the year. The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.
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