Lifestyle assets under ATO watch

Lifestyle assets data matching program protocol

The ATO is conducting a lifestyle assets data matching program to obtain information on insurance policies for marine vessels, enthusiast motor vehicles, thoroughbred races horse, fine art and aircraft.

The ATO will obtain information from data providers for the 2013/14 and 2014/15 financial years, to identify taxpayers who are […]

Record keeping for CGT

Record keeping for capital gains tax (CGT)

As the ATO’s data-matching capabilities increase, they are paying close attention to capital gains made on shares, property and cryptocurrency.

Always keep good records in relation to these assets, as this will help in working out a capital gain or loss correctly when you dispose of one. Your […]