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 will be 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?