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    What we will do before we amend a return

    The real property rental bond data matching program is used to identify real property producing income during a financial year and potential rental impacts when a capital gains tax event is triggered by the sale of a property.

    This may be used to:

    • Deliver products and tailored education strategies to assist taxpayers in managing their taxation obligations
    • identify cases where taxpayers owning income producing property may have omitted to report part of all of their income or CGT liability
    • Identify taxpayers that may not be meeting other obligations under taxation or other laws administered by the ATO.

    Where administrative action is proposed, additional checks will take place to ensure the correct taxpayer has been identified. Where we detect a discrepancy that requires verification we will contact the taxpayer usually by telephone, letter or email.

    Before any administrative action is taken, taxpayers will be provided with the opportunity to verify the accuracy of the information obtained by us. Taxpayers will be given at least 28 days to respond before administrative action is taken.

    For example, where discrepancy matching identifies that a taxpayer may not be reporting all of their income, but in fact they are reporting the income under another entity, the taxpayer will be given the opportunity to clarify the situation.

    The data may also be used to ensure that taxpayers are complying with their other taxation and superannuation obligations, including registration requirements, lodgment obligations and payment responsibilities.

    In cases where taxpayers fail to comply with these obligations, after being reminded of them, escalation for prosecution action may be instigated in appropriate circumstances.

    Where a taxpayer has correctly met its obligations, the use of the data will reduce the likelihood of contact from us.

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      Last modified: 10 Aug 2018QC 56446