The ATO says it has redeveloped the letters it sends to tax practitioners and their clients regarding reviews of rental, legal and/or borrowing expense claims. Following feedback, the ATO says it will provide information on specific expense claims it is reviewing. It says the re-drafted letters will now identify: return label and amounts in question; the proposed adjustments; what if there is a disagreement; and where to find relevant information on the ATO website. The ATO says it has also refined its case selection processes to minimise the likelihood of incorrectly selecting commercial properties.
[LTN 238, 8/12/14]