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Subscribe On AndroidFolks, in this special episode we’re becoming a fly in the wall to reveal the inner workings of the Australian Taxation Office (ATO)!
Allowing us to do so is Rob Thomson, Assistant Commissioner for the Experience, Government and Case Leadership-Individuals and Intermediaries and the official Tax Time spokesperson at the ATO!
With over a decade of experience, including a stint as Minister Counsellor at the OECD in Paris, Rob brings a wealth of knowledge on the ins and outs of the Australian tax landscape.
Today, we’re picking his brain to give you a sharp look into the world of property tax, compliance, and the latest changes to regulation that every property investor needs to know.
Here’s what we cover:
- The ATO’s Latest 2021/22 Data 📊 — How many Australians are investing in property, average income reported, and the most common deductions!
- Self-Assessment 🧾 — What does it mean, and how the ATO audits your tax return.
- Data Matching & Audits 🔍 — How the ATO tracks rental income and expenses, and the surprising mistakes landlords make.
- Foreign Resident Capital Gains Withholding 🌏 — Upcoming changes on 1st January and what you need to do to avoid a hefty 15% withholding on property sales.
- Claiming Borrowing & Interest Expenses 💰 — The ATO’s latest tools to help you claim accurately and avoid over-reporting deductions.
For Rob’s expert advice into navigating the complex world of tax and staying compliant, tune in to this episode now!
