ATO Data Matching: Property Management and Rental Bonds

The ATO is running data-matching programs on property management and rental bond records. What landlords should expect and how to keep declarations accurate.

Rent income

ATO data matching program for Property Management and Rental Bonds

Data matching programs are being conducted to acquire rental property data.

The ATO will acquire property management data from property management software providers for the 2018 to 19 to 2022 to 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 acquire rental bond data from 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.

Protocol documents describing the programs have been developed in consultation with the Office of the Australian Information Commissioner.

If you are concerned about how the ATO’s data matching may affect your rental property reporting, contact our tax advisers.

Sources: Commonwealth Gazette C2021G00361 and C2021G00365, Federal Register of Legislation website; Property management, 2018 to 19 to 2022 to 23 financial years, ATO website; Rental bond, 20 September 1985 to 2022 to 23 financial years, ATO website, 21 May 2021, accessed 21 May 2021.

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