As part of its 2003/04 Compliance Program the ATO has sent out 15,000 letters to taxpayers explaining common errors in rental deductions. In addition the ATO has requested that another 5000 taxpayers justify their claims via detailed schedules to be lodged with their returns. In 2002, $13.2 billion was claimed in rental deductions - it is now a major focus for audit activity.
Property Ownership & ATO Audit Target
Author(s):
Andrew Smith
Materials from this
session:
Details
- Published On:29 Jan 2004
- Took place at:City West Function Centre, West Perth
The material is copyright. Apart any fair dealing for the purpose of private study,
research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
Tags
2004
Share this page