Quick Guide to the ATO’s One Stop Property Webpage
The Australian Tax Office (‘ATO’) recently launched a one stop property webpage specifically designed for home owners and investment property owners. The site covers a rate of tax issues. It is an excellent resource for beginners and experienced investors alike who are seeking to refresh their knowledge of key property tax issues.
The introductory section sets out the key issues for home owners and investors, with an overview section that covers different types of properties, uses, and investment or development activities.
For example, the ‘Your home’ section consists of the tax issues at each step from saving for your first home; buying and selling your home; buying a second property; to renting, building, or renovating your home. This section also contains an overview of home offices.