Reduced rent due to Covid 19 will not affect your ability to claim rental deductions

The Australian Taxation Office has confirmed that if you have suffered a reduction in rent due to renters not being able to pay due to Covid 19 - that this will not affect your ability to claim rental deductions.

https://www.ato.gov.au/general/covid-19/covid-19-frequently-asked-questions/individuals-frequently-asked-questions/?anchor=Residentialrentalproperties#Residentialrentalproperties

Please note that this information is Factual in nature and not General or Specific advice relevant to your specific circumstances and should not be relied upon without Professional Advice.

Please call Mobile Accountant Steven Sherrah on 0419 854 982 for further assistance

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