Blogs

ATO compliance target areas - 30th September 2013

The ATO has released its compliance program for 2013-2014, setting out key activities and focus areas for the coming year. Some key points include the following:

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Deductions for accommodation and food refused - 16th September 2013

An individual employed by a mining company at Port Hedland on a “fly-in fly-out” basis has been unsuccessful before the Federal Court in appealing an earlier decision that refused his deduction claim of $36,000 for accommodation and food against an allowance.

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CGT small business concessions denied - 9th September 2013

The Administrative Appeals Tribunal (AAT) has held that the exclusion in the tax law from the capital gains tax (CGT) small business concessions for assets used “mainly to derive rent” applies even if the assets are used in “carrying on a business” of deriving rent.

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