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Self-Managed Super Funds Property: 5 Steps for End of Financial Year

This article has been prepared for the specific readership of Australian readers, but may be of interest to others. There is also information on SMSF costs here Self-managed super funds (SMSF) are increasingly becoming popular options when it comes to Australians preparing for their retirement. This is partly due to the flexibility the fund allows the […]

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Landlord’s tax deductions under the ATO’s microscope

Landlords in Australia are set to come under more intense scrutiny from the Australian Tax Office this year, after annual tax deductions claimed on investment properties surged to $24 billion. Singling out landlords, the Tax Office has released figures showing annual deductions claimed by more than 1.5 million Australians on their investment properties have reached […]

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ATO keeping their eye on property investors

Peak accounting body CPA Australia has warned that Australians who own rental properties will be under increased scrutiny from the tax office in the coming months. The ATO is responding to a sharp increase in rental losses (where taxpayers are claiming rental expenses far greater than the actual rental income earned) in recent years. CPA […]

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