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ATO warns about claiming holiday travel as a work related, investment or self-education expense
The mail out coincides with a new fact sheet published on the ATO website to alert people to the expenses they may be able to claim that may reduce their taxable income.
3 May 2011 Media Release 2011/26
The ATO today issued a taxpayer alert warning people to be cautious when claiming overseas travel and related costs as deductible work related or self-education expenses.
Tax Commissioner Michael D'Ascenzo is concerned that some people are getting involved in arrangements to deliberately claim inflated deductions which they are not entitled to, particularly in relation to overseas travel.
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Tax help for rental property owners affected by a natural disaster
5 May 2011 Media Release 2011/27
The ATO is set to begin a mail out to more than 200,000 people who own a rental property that may have been affected by recent natural disasters.The mail out coincides with a new fact sheet published on the ATO website to alert people to the expenses they may be able to claim that may reduce their taxable income.
For more information click here
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