ATO using rental bond data

by

Ed.

From www.accountantsdaily.com.au: The ATO is intensifying scrutiny on approximately 2.2 million landlords by collecting rental bond data to identify underreported income and tax non-compliance.

This data will be collected semi-annually from 2023 to 2026 and will include details like names, addresses, bond amounts, and rental transaction specifics. The program aims to promote compliance and educate taxpayers on their obligations regarding tax returns and capital gains.

Filed under: Tax - Individuals

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