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ATO Rental Property Targets Webinar

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Helping landlords stay under the ATO’s radar

The issues on the ATO’s hit-list
Red flags and common problem areas
Specific issues for short-term rental arrangements

A Live Instructor Led Webinar

The ATO says that a “majority” of rental property owners are making errors in their tax returns, despite 86% using a registered tax agent. Incorrect interest expense claims by rental property owners are estimated to account for an estimated $500 million tax gap.

The pressure is on clients who own rental property and their accountants. Data matching and the new short-stay sharing economy platform reporting regime, mean that it is easier than ever for the ATO to identify mistakes.

Changes to the tax rules dealing with rental properties over the last few years have also increased the level of risk as many clients (and some practitioners) are unaware of how easy it is to fall foul of the rules.

The ATO Rental Property Targets Webinar looks at the key issues the ATO is focusing on when reviewing tax returns for rental property owners, including the treatment of interest expenses, repairs and depreciation deductions. We also look at some of the concerns raised in connection with short-term rental arrangements and how to determine whether a property is genuinely available for rent.

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AU $195 members
AU $235 non-members

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Register Team*

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AU $520 members
AU $595 non-members

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Total 1.5 CPD Hours

Details

Recorded: 8 August 2024

FAAA accredited for 1.5 CPD hours

  • 1.5 Tax (financial) advice

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 10 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

This practical webinar covers:

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • How to determine whether interest expenses are deductible, including arrangements involving redraw and offset facilities
  • Determining whether repair costs are deductible or are capital in nature
  • Identifying situations where the significant restrictions on depreciation deductions can be triggered
  • Working out the tax treatment for short-term rental properties and holiday homes that are used to produce income

 

  • Dealing with jointly owned properties
  • Getting the treatment right when it comes to land tax and stamp duty costs
  • Step-by-step guide to ensuring that the CGT rules are applied correctly on sale of the property

 

Our presenter

Tax Adviser, Knowledge Shop

Rae Ni Corraidh

Rae Round

Rae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios.

She understands the challenges faced by practitioners and brings a wealth of practical experience to the workshop ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.

Rae has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.

Rae holds a Masters in Commerce specialising in tax.