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End of attention

Record keeping for starting base assets

Taxpayers are currently expected to keep records of transactions under section 112 of the PRRTA 1987. Under the proposed extension of the PRRT, the ATO will be interested in additional information, including information that may be sought as a schedule with the annual return. However, the ATO would initially expect records to be kept as described below.

    Last modified: 03 Jul 2012QC 25072