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You're Being Watched! ATO Focus Areas for Tax Time


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The ATO has indicated that its three key focus areas for 2023 tax returns are:


  1. Rental Property Deductions, particularly interest expenses and ensuring that rental property owners correctly apportion loan interest expenses where part of the loan was used for private purposes (or the loan was refinanced with some private purpose).

  2. Work-related expenses, particularly the changes to the working from home methods and whether claims are able to be supported.

  3. Capital gains tax, in particular the CGT main residence exemption where there has been a period of income-producing use.

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