Here’s who the ATO is targeting this year

 · Now that property investors make up 8% of the Australian population, the ATO are cracking down on all over-claiming and false claims.

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 · When new FTB, CCS or ACCS claims or reassessments are made, individuals are asked to state the amount of target foreign income they expect to receive in the current tax year. For the purposes of the sbp income test, individuals need to state the amount for the relevant 6-month income test period (for further details on how the income test period is defined for SBP see 4.15.1) .

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Here’s Everything The ATO Will Be Targeting This Year. They provide guidance on utilities and depreciation for your home office. As a general rule, you can claim a proportion of your home bills that matches the amount of space dedicated to the office. So, if your office counts as 10% of the home’s floor space, you can claim 10%.

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The Australian Taxation Office (ATO) is an Australian government statutory agency and the principal revenue collection body for the Australian government. The ATO has responsibility for administering the Australian federal taxation system, superannuation legislation, and other associated matters. Responsibility for the operations of the ATO are.

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So what is on the ATO’s list this year? Well, essentially, it’s looking at two main areas: work-related expenses and claims by investment property owners. work-related deductions. Work-related claims have been increasing for some years so it’s no surprise that the ATO plans to look more closely here. This year it will focus on:

The huge bill was revealed by Deputy Commissioner Mark Konza during Senate estimates last week, when he outlined Australian Taxation Office activity that backs up the government’s claim it is.