02 9683 5999The ATO has announced that they will be undertaking a dedicated program over the next 4 years to ensure property developers of all sizes are reporting all tax obligations on property sales.
The ATO will be data matching information provided on Business Activity Statements and income tax returns with information from the Office of State Revenue and Land Titles Office to ensure property developers are correctly reporting income tax (including capital gains tax) and GST on property sales.
