ATO to target negative gearing rorters

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By Leith van Onselen

The ATO has thrown some more sand in the gears of Australia’s landlord army, announcing a crack-down on holiday home owners that claim full-year deductions. From The ABC:

The ATO’s assistant tax commissioner Kath Anderson said too many holiday home owners were claiming deductions for properties which were not genuinely available for rent or were only available to friends and family.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.