New ATO data-matching programs involving property
The ATO has advised that it will engage in two new data-matching programs dealing with property transactions, as follows:
- The ATO will acquire property management data from property management software providers for the 2018/19 through to 2022/23 financial years (relating to approximately 1.6 million individuals); and
- The ATO will acquire rental bond data relating to approximately 350,000 individuals from state and territory rental bond regulators bi-annually through to 30 June 2023.
Read more about how Omnis Group’s Business Accountants work exclusively with the Australian real estate property sector at omnisrealestate.com.au or call us in Perth on 08 9380 3555.