ATO targets holiday home rorts

By Dow Jones newswires

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

According to The Australian Financial Review, the tax office says it has written to more than 110,000 rental property owners and is monitoring the market closely through reviews and audits.

The Australian Taxation Office is reportedly cracking down on holiday home owners who claim deductions from properties they’re only pretending to rent out.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

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The newspaper says it’s unclear how many of the property owners the ATO has written to own holiday homes.

Read more here: Business Spectator


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