Data Matching: Flood and cyclone reconstruction levy The ATO will request and collect names and addresses of approximately 735,000 individuals who received the Australian Government Disaster Recovery Payment and New Zealand citizens holding a special category visa who received an ex-gratia payment from Centrelink. This information will be electronically matched with certain sections of ATO […]
Damaged or destroyed property may affect your Tax
Damaged or destroyed property may affect your Tax If your property is damaged or destroyed in a disaster, you may receive an insurance payment. How this is treated for tax purposes depends on: The type of property (your home, other buildings, cars, personal property or work-related items) Whether or not the property is income-producing (for […]
