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ATO cracking down on fraudulent investors

14 Dec 2017 Christies Beach 0 Comment

I stumbled across this article that I thought I would share with our readers.

I’m not sure if this would apply to any of our clients (hopefully not) but it is interesting none the less.

The article discusses the ATO employing strategies to catch out investors who fraudulently claim that their property is vacant.

“In one of a series of interviews with The Australian about ATO priorities, tax commissioner Chris Jordan said the ATO will be looking closely at the practise of declaring rented properties vacant. He said the tax office will go so far as to monitor real estate agent, electricity and gas records to identify fraudulent claims.”

Click here to read.


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ATO cracking down on fraudulent investors


Article posted by Melissa Chaplin




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