Missed an investment property deduction?
Thursday 22 August 2019
Investment property owners often ask us about making deductions for a property that they haven’t claimed depreciation on even though they may have owned it and rented it our for a number of years.
Staying on top of what you can claim against an investment property is always a good idea but if you’ve missed something it may not be too late.
The ATO allows tax returns to be easily adjusted for two years after the initial submission. This enables property owners to recoup some of the deductions that may have been missed.
As to whether the amount to be claimed is sufficient to go ahead with requesting an adjustment is something we’re happy to discussion with you.Back