Rental Bond Data
Did you know the ATO has announced its intention to collect real property rental bond data from state and territory rental bond authorities 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 ATO explained 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.
For ATO information on this topic go to https://www.ato.gov.au/General/Gen/Rental-Bond-20-September-1985-to-2019-20-financial-year-data-matching-protocol/