Do you have a choice about whether the property deal is on revenue account or capital account?
Published Date: 5 Sep 2023
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 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?
Individual Session
Details
- Published By: Thomas Aitkenhead
- Published On:5 Sep 2023
- Took place at:MCEC Melbourne
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