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Keeping you up to date

We mentioned earlier this year that the ATO, under Project Do It, are offering concession for taxpayers who have foreign investments that have not been disclosed on their tax returns in prior years.

This is a one off opportunity to bring your outstanding affairs up to date with limited penalties. After this we expect to see the ATO take more aggressive action in this space.

The final date for Project Do It is 19 December.  So if you have any foreign investments you have not previously disclosed, now is the time to contact our office to determine whether they should have been reported.

General Advice

The information provided by Bentleys (Sunshine Coast) Pty Ltd does not constitute financial product advice and is for general information only. It is written without taking into account any individuals personal objectives, situation or needs, and is not intended as professional advice. Any person acting upon such information without receiving specific advice, does so entirely at their own risk. Please contact your Accountant to discuss your personal situation before relying on this information.