The ATO is stepping up its data-matching efforts when it comes to rental properties. From 2024 to 2026, it will collect rental bond data from State and Territory regulators twice a year.
What kind of rental bond data?
The program will capture details of landlords, tenants, property managers, and rental bond transactions.
Why is the ATO collecting the rental bond data?
One key goal is to identify and educate individuals and businesses that might not be meeting their tax registration or lodgment obligations.
With data on around 2.2 million individuals expected to be collected each financial year, this is a significant compliance push for rental property owners. If you’re a landlord, now is a good time to check that everything is in order.
Have questions? Reach out to your contact at Quantiphy—we’re here to help.
