More doctors in tax office’s sights

The tax office has confirmed it will be investigating any doctor who has received a lump sum payment for selling their practice to an organisation, following a ruling on what should be considered income.

Last month, the Australian Tax Office (ATO) ruled that money Primary Health Care paid for buying up practices was tax-deductible, resulting in an anticipated windfall of $130 million for the corporate.

Related Q&A: Australian Doctor questions the ATO about the new tax bills

    About 200 GPs who received an up-front