Do you own a rental property that you use both privately (e.g. as your holiday home) and to produce income? We’ve got a tax tip for you!
🤓 👉 If your rental property is sometimes used by you or your friends and family, you’ll need to apportion your expenses and only claim deductions for periods when it was rented or genuinely available for rent.
To learn more about what this means for you, check out our video and read further details at www.ato.gov.au/…/Residential-renta…/Rental-expenses-to-claim