The Tax Office will continue to focus on capital gains tax (CGT) this year and people who do not report capital gains for the sale or disposal of shares, property and other assets.
A recent A.T.O media release states the Tax Office will be matching data yet again to identify sales that involve capital gains.
Information will be gathered from state and territory revenue offices, managed funds, the stock exchange (ASX) and share registries to match against tax return information.
If you have disposed of assets during the year, be sure to let your accountant know.
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