Data matching programs are being conducted to acquire rental property data.
The ATO will acquireproperty management datafrom property management software providers for the 2018–19 to 2022–23 financial years. The data will be matched against ATO records to ensure compliance with tax obligations, such as correct reporting of rental income and deductions, and protect the tax system’s integrity. It will acquire property owner identification details, rental property details and property manager details.
The ATO will also continue to acquirerental bond datafrom state and territory rental bond regulators bi-annually for another 3 years to 30 June 2023. The data will be matched against ATO records to identify and address taxation risks, including income tax reporting obligations for income-producing properties and capital gains tax events arising upon disposal of a property. The data items will include landlord and managing agent identification details and rental bond transaction details.
Protocoldocumentsdescribing the programs have been developed in consultation with the Office of the Australian Information Commissioner.
