The ATO on Fri 15.2.2013, issued a Decision Impact Statement on the AAT’s decision in AAT Case [2012] AATA 847, Re Bocaz and FCT. In that decision, the Commissioner disallowed the Taxpayer’s claims for deductions in relation to 2 rental properties alleging that they were non-commercial relationships. But the AAT set aside the decision of the Commissioner. The ATO said the matter was decided on its facts and has no wider ramifications.
[LTN 31, 15/2/13]