CGT: Keep the right records The ATO has reminded taxpayers that they should keep all records of purchases or acquisitions of assets that may be subject to CGT, and records relating to their sale or disposal. Records should show: the nature of the act, transaction, event or circumstance; how it resulted in a capital gain […]
New reporting requirements for BCI taxpayers
New reporting requirements for BCI taxpayers The ATO is reminding contractors in the building and construction industry (or ‘BCI’) to take extra care with their returns this year. Also, businesses in the building and construction industry are now required to report to the ATO the total amount they paid to each contractor for any building […]
