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AAP
AAP
Business
William Ton

Holiday-home perks under spotlight in ATO clampdown

Holiday-home owners could forfeit tax deductions if their properties fail the ATO's new rent test. (Diana Plater/AAP PHOTOS)

It's said the rich get richer and the poor get the picture but exactly how wealthier Australians seem able to pay less to own more is a little less obvious.

For the well-to-do who happen to boast a holiday home, though, the trick of extracting the most from their asset is about to become way more transparent thanks to the Australian Tax Office.

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