Rental Properties factsheet outlines ATO expectations

This Rental Properties 2022 fact-sheet is written by the Australian Tax Office (ATO), it outlining how they expect a taxpayer to deal with their rental property income and expenses, this fact-sheet provides information that relates to the 2022 financial year. Reading this fact-sheet will provide valuable information and assist you to understand what rental expenses you can and can not claim when your tax return is being prepared. It will also help you to determine what is a repair and what is a property improvement.