Posts
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Guilty as Charged: when your evidence doesn’t match what you tell the ATO
In the world of tax, good intentions only go so far. A recent case involving subdivided farmland before the Administrative Appeals Tribunal (AAT) reinforces that evidence must support the tax position you are taking.
The case involves…
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House flipping tax incoming: a taxpayer claims a loss on her home
Flipping houses is a popular way, thanks to TV shows, for Australians looking for a profit renovating a property in order to sell it in the short term. But the reality is less glamorous: taxpayers may soon have to pay a house flipping tax…