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  2023 Property

Do you have a choice about whether the property deal is on revenue account or capital account?

Published Date: 5 Sep 2023

 

The ATO’s exercise to source and match data about 1.7 million investment property loans annually will provide the ATO with a gateway to a matrix of data to identify and construe intention. Examples used to identify the rough times ahead for property flippers and others returning construction activity on capital account including:

  • A brief recap of revenue or capital principles and the key element of intention
  • What information is being data matched and what will that matching reveal
  • How is the intention of a ‘virgin’ entity ascertained
  • Can the holder of a minority interest control an entity; and
  • Does cash activity remain beyond data matching?

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Author(s)

Individual Session

Author(s): Thomas Aitkenhead
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Details

  • Published By: Thomas Aitkenhead
  • Published On:5 Sep 2023
  • Took place at:MCEC Melbourne

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