• Are you carrying on a business? Objections

    We need specific documents and information to process an objection to our decision about whether or not you are carrying on a business.

    Providing this information up front will reduce delays.

    To lodge an objection to our decision about whether or not you are carrying on a business, you'll need to:

    • complete and submit the relevant objection form (for taxpayers or tax professionals)
    • provide the supporting information listed below.

    Supporting information required

    If you have previously given us any of the information listed below, you don't need to resend it.

    The information we need includes:

    • when your activity commenced
    • a description of your activity
    • a copy of your business plan
    • a copy of profit and loss statements (that is, income and expenses)
    • projected profit and loss statements showing how you intend to make a profit from your activity
    • details of equipment and facilities you use in your activity (including depreciation schedules)
    • the records you keep in respect of your activity
    • any qualifications or expertise you possess in respect of your activity
    • details of any relevant organisations you belong to (include any relevant publications you subscribe to)
    • any professional or expert advice you have sought in setting up or conducting your activity
    • copies of any relevant licences, government approvals or planning permits you have obtained or applied for
    • your main clientele (for example, general public, friends or workmates)
    • how you advertise your products or services
    • how much time you spend on this activity each week
    • whether you are engaged in employment or another business activity and the amount of time you spend on these activities each week.

    Share trading

    If your activity is share trading or other share market activity, you will also need to provide:

    • a description of your trading strategy and why you expect it will result in a profit
    • a copy of your trading transactions for the relevant period
    • details of the amount of capital you have had invested at different times (giving an indication of the maximum and minimum amounts)
    • the amount of capital you have available and the sources of your capital

    The information you provide will help us address the business indicators at paragraph 13 of Taxation Ruling TR 1997/11. You may wish to provide your comments regarding these indicators with your application. Detailed information about each indicator is contained later in the ruling.

    Next steps:

    See also:

      Last modified: 20 Feb 2017QC 19016