The ATO is reminding rental property owners that each year it sees some fairly common mistakes being made with tax claims, and the outcomes that result, in regard to investment properties. It has therefore released a list of the top 10 stumbles, and how best to avoid them.
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Inheriting a home or a legal interest in one could be the largest windfall gain that many Australians ever experience.
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The ATO seems to be always looking over the shoulder of property developers to make sure they are complying with their tax obligations.
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