Tips for Keeping the ATO Happy and Helping You Claim Depreciation Allowances
Each year, you submit your taxes to the Australian Taxation Office (ATO) and hope for a tax refund. If you are earning income through residential investment properties, it’s in your best interest to claim all eligible deductions to offset rental income.
The tricky part is knowing what deductions to claim as rental expenses, and which ones are eligible for depreciation allowances,...