The ATO has issued a warning to owners of holiday homes claiming rental deductions, indicating they will be pursing those submitting incorrect claims.
![](https://www.armada.com.au/wp-content/uploads/2023/03/ATO-issues-warning-against-holiday-home-rental-deductions.jpg)
In order to ensure your claim for holiday home rental deductions is accurate, you need to be able to answer the following questions:
- How many days was the property made available for renting purposes?
- Was the rent in line with market values?
- Where do you advertise for rent? Do you have evidence and can demonstrate it during the period of time it was available for rent?
- Are any restrictions placed on tenants?
- Have you, your family or friends used the property?
The answers to these questions will help determine the validity and/or apportionment of rental deduction claims. With rental claims being an ATO focus point for 2022-23 returns, you should ensure you are keeping accurate records and notes. For more information get in touch with your advisor.