There has been a long standing view in the tax community that the ATO will eventually get around to targeting people who earn income from investing in the property sector.
The issue comes down to when you can treat a profit from the sale of your property as a capital gain and when it should be treated as ordinary income.
Does your business own an investment property?
Be warned: rental property is now a focus of attention for the ATO.
The ATO has announced a campaign targeting rental property owners due to concerns that a significant proportion of them are claiming tax deductions incorrectly on their properties.