Property

Users of the highly popular Airbnb platform will struggle to get away with illegal deductions on their 18/19 tax return.

In the 2018-19 financial year, one in four investors lived in their property before renting it out.

Deliberate cases of over-claiming are treated harshly with penalties of up to 75% of the claim.

It’s important to realise that there are some tax consequences. It’s nothing too bad… Just things to be aware of.

It’s easy to become confused about GST and how it applies to residential property developments.