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Property focus for tax office
Released 23 September 2010

State and territory authorities will be asked to provide updated identity and transaction details relating to property title transfers between 1 July 1999 and 30 June 2010. 

This updated information will be matched to identify non-compliance with capital gains tax, income tax and goods and services tax obligations.

Tax Commissioner Michael D’Ascenzo said the information will be matched against taxpayer records to identify those who may not be meeting their registration, reporting, lodgement and payments obligations.

D’Ascenzo said, “We want to ensure people are correctly accounting for their property transactions.

“The information will help us identify people who may have incorrectly reported or not included capital gains tax, income or GST in their income tax and business activity statements.”