Property Sales and Rental Income Data Matching

Property Sales and Rental Income Data  Matching

Property Sales and Rental Income Data  Matching

The ATO has also advised that it is continuing its ongoing “Real property transactions 1985–2017 data matching program protocol”.

It is undertaking this program to basically ensure that taxpayers are correctly meeting taxation obligations in relation to their dealings with real property, i.e., CGT on property sales and income tax on rental income.

For the period 20 September 1985 to 30 June 2017, data will be obtained from all State and Territory Revenue authorities, as well as many Finance departments, and Land and Residential Tenancies authorities.

The ATO will obtain the data on:

  • landlords, properties, rental income, etc., from the rental bond authorities; and
  • taxpayer details on property valuations, sales, purchases, etc., from the revenue and land titles authorities.

Number of records

It said that, based on current data holdings, it is estimated these records will identify around 11.3 million unique individuals.

Previous Programs

This is an ongoing data matching program that the ATO has conducted for more than 10 years. During the 2014/15 financial year, the ATO identified over 8,000 cases where real property dealings had not been treated correctly and raised an additional $161 million in revenue.

For more information regarding information regarding data matching property sales please visit the ATO Website.

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