Moran, S. 'Former Wallaby, Wife Leading Charge at ATO, The Australian, June 25, 2008, p. 3.
Eighty investors including former Wallaby turned writer Peter FitzSimons and his wife, television host Lisa Wilkinson are taking on the ATO over their investments in retirement villages. The tax office this week revealed it would defend the case, funding a test case over a deduction investor Anthony Malouf claimed was incurred in 1999. Mr. Malouf, like FitzSimons and Wilkinson, relied on a 1994 ATO ruling that said expenditure incurred in acquiring or developing a retirement village would be "considered expenditure of a revenue nature'' and a deduction would be allowed.
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Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...