Depreciator's Top Ten Tips for Tax Time in 2008

With over $24 billion being claimed in rental property deductions in 2007, Australia's 1.5 million landlords are again a strong focus for the ATO in the 2007/08 financial year.

The Second Commissioner of Taxation, Jennie Granger, has advised that the ATO is targeting landlords that have been in the market for a long time and have unusually high deductions, low rental income compared to deductions and high interest / borrowing expenses.

Depreciator's 2008 Tax Tips have been written to include the things that the ATO is looking out for, common mistakes that property investors make and useful tips to make you well informed when you do your tax return this year...

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