Sale of property

We regularly receive data relating to the purchase and sale of properties from state and territory revenue and titles offices around Australia.

Where property transfers are made by businesses, they are potentially taxable, and we match this information against what has been reported on activity statements.

We may contact you if you're running an enterprise and sold property but didn't include it in your activity statement.

Our letter will include details of the property or properties sold:

What to do

We are asking you to review your records and revise the activity statements for the period the sales occurred, without penalty, by the date specified on the letter.

If everything is correct, you can:

• let us know by mail (see Write to us), or
• email us at incorrectreportingproperty@ato.gov.au

If you email us, be aware that the internet isn't a secure environment and we can’t guarantee the privacy and security of personal information.

Your tax or BAS agent can also assist if needed.

See also:

• GST and property
• GST at settlement
• Revising an earlier activity statement
• What to report on your BAS