08 Dec 14 Rental property review letters made clearer
The ATO advises that it has redeveloped the letters it sends to agents and their clients regarding reviews of rental legal and/or borrowing expense claims. In feedback, the ATO was asked to provide information on the specific area of the expense claim/s it is reviewing. The re-drafted letters now identify:
- return label and amounts in question
- the proposed adjustments
- what to do in the event of a disagreement
- where to find relevant information on ato.gov.au about what can be claimed, including QR reader codes to scan for smart phones or tablets.
For more information, go here