Some of the areas that the ATO has stated it will be focusing on are:
- motor vehicle expenses for travelling between home and work;
- overnight travel; and
- the work-related proportion of use for computers, phones and other electronic devices.
Rental property expenses:
- excessive deductions being claimed for holiday homes (deductions should be limited to the amount of income earned, or to the number of days actually rented out at a commercial rate);
- husbands and wives inappropriately splitting rental income and deductions for jointly owned properties; and
- interest deductions being claimed for the private proportion of loans.
- the building and construction industry; and
- the restaurant, café and takeaway industry.
- employers misusing contracting arrangements with the intention of avoiding employment overheads.
Motor vehicle data matching
The ATO has announced a new “Motor vehicle data matching program” to collect details of individuals or businesses that have purchased or acquired a vehicle costing $10,000 or more in the 2011/12 and the 2012/13 financial years.
It will acquire information from every State and Territory vehicle registration authority.
It is expected that records relating to approximately 2.8 million individuals will be matched.
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