Why ‘property flipping’ is the next ATO target
The tax law does not allow you to ‘flip’ a property tax-free even if you are living in it. Most people think that they can move in to a property, renovate it, and then sell it without paying tax.
For service to charitable organisations, and to sailing.
Service includes:
Founder and Chair, Loyal Foundation (a charitable organisation that fundraises and donates all monies to children's health charities), since 2009.
Owner, Perpetual Loyal, (a competitor in the Sydney to Hobart Yacht Race), 2009-2016. (Winner of the race in 2011 and 2016).
Patron, Australian Sailing Team, Since 2016.
Owner and Managing Director, Bell Partners accounting firm since 1997.