All Topics / General Property / ATO & Vic land registry office.

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  • Profile photo of gmh454gmh454
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    @gmh454
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    Heard from ICA that the ATO has accessed the data base of the Vic land office early last year. Has anyone experienced or heard of anyone experiencing audit activity coming from such information being available.

    Profile photo of MichaelYardneyMichaelYardney
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    @michaelyardney
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    Originally posted by gmh454:

    Heard from ICA that the ATO has accessed the data base of the Vic land office early last year. Has anyone experienced or heard of anyone experiencing audit activity coming from such information being available.

    I have read similar things.

    The ATO knows who buys and who sells properties and expects their tax returns to reflect this.

    Do you know someone who hasn’t been truthful in their tax returns?[blink]

    Michael Yardney
    METROPOLE PROPERTIES
    Author of Australia’s leading property e-magazine.
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