What will the ATO be asking about your holiday home? 

HomeInsights

What will the ATO be asking about your holiday home? 


Taxpayers claiming deductions on holiday homes are in the ATO’s sights.


The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims:

  • How many days was it rented out and was the rent in line with market values?
  • Where do you advertise for rent and were any restrictions placed on tenants?
  • Have you, your family or friends used the property?

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