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Property Ownership

Published on 29 Jan 2004 | Took place at City West Function Centre, West Perth, WA

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.

Individual sessions

Property Ownership & ATO Audit Target

Author(s):  Andrew SMITH This seminar paper looks at a range of issues that have been mentioned by the ATO as specific areas of concern. These include:
- ownership issues
- deductibility of expenses
- disposal issues.

Materials from this session: