News & Reviews
“The Report” February to March 2013
Date posted: Thursday, March 7, 2013
No splitting of rental income for couple The Administrative Appeals Tribunal (AAT) has refused a husband’s argument that he could split his rental income with his (now estranged) wife even though the commercial property was registered under his name only. The taxpayer had lodged tax returns on the basis that the property was shared equally […]
Read more about “The Report” February to March 2013“The Report” August to September 2011
Date posted: Wednesday, September 7, 2011
Tax Office announces compliance focus areas The Commissioner of Taxation has released the Australian Taxation Office’s compliance program for the 2011–12 financial year. Under the program, the Australian Taxation Office (ATO) plans to enhance its tax fraud detection and management strategies, concentrate on sham contracting arrangements and continue its extensive data matching and risk profiling […]
Read more about “The Report” August to September 2011“The Report” February to March 2011
Date posted: Monday, March 7, 2011
Temporary Flood Levy Proposed The Prime Minister, Julia Gillard, has proposed a temporary flood levy for individual taxpayers to help raise revenue to fund the reconstruction cost for areas of Queensland and elsewhere which were affected by severe flood damage earlier this year. The flood levy is proposed to apply for one financial year from […]
Read more about “The Report” February to March 2011