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Subscribe On AndroidFolks, in this special episode we’re becoming a fly on the wall to reveal the inner workings of the Australian Taxation Office (ATO)!
Allowing us to do so is Rob Thomson, Assistant Commissioner – 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 it means, 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!
