People might be dodging the tax man, without even knowing it
People might be dodging the tax man, without even knowing it
30 June 2019
Data shows there's 80-million dollars missing - which has led to tax investigators are door knocking speculators, in a quest to recover the unpaid property taxes.
It includes those trying to dodge the bright-line law by not paying tax when a property's flipped within five years.
But OliverShaw Tax Advisors director Mike Shaw says a lot of people are caught by the law - without even knowing it.
He says they've come across many situations where a family have bought a second home with the intention of moving into it, but then their situation changes.
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