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  1. M

    The ATO power of data matching

    OK it's not stupid to pay cash - it is for someone who buys a luxury car when they're on a declared income that would not normally be able to pay for a car at that cost. Ruling - is for more complex disposals. should have explained further rather than generalizing
  2. M

    The ATO power of data matching

    same here - always try to get a reference number or ruling prior to doing something such as diposal of asset or depreciation as long as you followed based on the events given - u're be ok.
  3. M

    The ATO power of data matching

    there have certain things like triggers in the IT system which shoots forward based on a certain criteria. Depends on your client's income etc, CG. Such as buying a car in cash would be pretty stupid... taking a lease would be better even if you had the cash.
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