Tax Guide For Landlords

The Australian Taxation Office (ATO) has released a set of guidelines to help all rental property owners whose incomes are affected due to recent events in the country, which include the bushfires, the flooding, and the ongoing COVID-19 pandemic.

The most important thing landlords need to keep in mind as they prepare to file their tax returns is keeping a record of all expenses. Without good records, the ATO said landlords will find it difficult to declare all their rental-related income and work out what expenses they can claim as deductions.

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**Gerv Tacadena | 26 Jun 2020 - Your Investment Property Mag