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The Canberra Times
The Canberra Times
Martin Kelly

Got an investment property? Your tax returns will be 'in the spotlight this tax time'

ATO Rob Thomson Mark Chapman the Australian Taxation Office

Investment property tax deductions are set to surge as investors, spurred by rising rents, move strongly back into the residential market.

The Australian Taxation Office says a "majority" of rental property owners make errors despite using registered agents. Pic: Shutterstock

Many will be filing rental property tax returns for the first time from July 1 - and the odds are most will make what could be a costly mistake when claiming deductions.

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