Individual property investors should we are that the ATO has announced the commencement of a new data matching program that seeks to obtain data from various financial institutions for the 2021-22 to 2025-26 income year. Among other things, information collected will include loan details and borrowing costs. Records relating to approximately 1.7m individuals will be obtained each financial year an d used to identify relevant cases for administrative action, including compliance activities and education strategies.
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