Tax time focus on rental property income and deductions

The ATO is focusing on four major concerns this tax season when it comes to rental properties:

1. Include all rental income
2. Accuracy of expenses
3. Capital Gains Tax upon sale of a rental property
4. Record keeping

Also in this month's edition:

• Sessional lecturer entitled to superannuation support
• TD 2022/11 – Discretionary trusts and corporate beneficiaries
• Pandemic Leave Disaster Payment reinstated