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With the ATO increasing their audit activity all the time it is important to keep your tax receipts. The ATO motto is NO RECEIPT = NO DEDUCTION so you could be costing yourself thousands of dollars by not keeping them.

Under the Australian system of self-assessment it is the individual’s obligation to have the correct documentation in relation to all claims.

Keep receipts and all relevant documentation. Be thorough.

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Hicks Real Estate is a Brisbane based, full-service real estate agency supporting buyers and sell as well as renters and property investors. With almost 20 years experience in the local market, we are the real estate experts you can rely upon.