The Age --- Page: 12 : 18 July 2007 Original article by Frank Brass
ABIX Summary
Taxpayers should avoid attracting the attention of the Australian Taxation Office through mistakes. There are a number of common errors made in preparing tax returns. There are some restriction on tax deductions for work-related expenses, self-education expenses, and motor vehicle claims. The Tax Office shares information and can check income from overseas pensions and investments, as well as share trading and rental property sales. Claims for rental properties must only be for investment borrowings.
