There has been a big increase in the number of claims for expenses relating to investment seminars over the past 3 years. So we are undertaking a number of initiatives to verify the eligibility and accuracy of the expenses, including telephone enquiries, questionnaires and where necessary audits.
Take special care when making these claims and be sure you have all relevant documentation ready for examination if required. The following links may be helpful:
the ATOlaw website for relevant rulings and determinations, especially TD 95/60 which deals with costs in setting up initial investment portfolios, and IT 39 which deals with expenditure incurred in servicing or managing income producing investments
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