Data matching program – rental bond data
Posted by Northadvisory on August 20, 2018
The ATO has given notice, in Commonwealth Government Gazette notice C2018G00633, 10 August 2018, of its intention to collect real property rental bond data dating back to 20 September 1985 (the introduction of the CGT regime).
The data will be collected to identify individuals who have income tax reporting obligations for income producing properties or have a CGT event arising from the sale of real property for the period from 20 September 1985 to the 2019/20 financial year. The notice explains that the data “will be electronically matched with certain sections of ATO data holdings to identify taxpayers that can be provided with tailored information to help them meet their tax obligations, or to ensure compliance with taxation law”.
If you have questions on any of the above issues raised, please do not hesitate to contact us.
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