ATO areas of focus for Private Groups in 2025
The ATO has released its key areas of focus for privately owned and wealthy groups for the 2024-25 income year.
The list is separated into foundational issues, emerging and evolving risks, and targeted focus areas.
Foundational issues include:
Registration, lodgment and payment
Incorrect reporting
Tax advisers and professional firms – failure to lodge / pay personal returns, allocation of professional firm profits
Division 7A
CGT
Property and construction
International transactions
Emerging or evolving risks and issues include:
Incorrect reporting – trust deductions, R&D claims, GST credits on employee allowances
CGT – Division 149 and pre-CGT assets
Other emerging areas - trust loss trafficking, inappropriate use of private ancillary funds, share buybacks, thin capitalisation rules, cryptocurrency based business models.
The target focus areas include:
Succession planning
Private equity
Retirement villages
GST for the retail and construction industries.
More Information
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