Surfers Paradise Blog

Times are forever changing. Today, property investing is very different from 20 years ago, especially when cross-referencing data, facts, and figures with your personal information. The ATO is in the know and is gaining more and more access to data. Therefore, we need to ensure that we are 'dotting our i's and crossing our t's' as they say.

Following is just a handful of cross-checks that the ATO can do, such as:

Bank account deposits and withdrawals, utility bills, bonds lodged, access to general property data, online booking systems, and all government department records such as Centrelink, Child Support, Stamp Duty register and much more. Don’t get caught. We need to be aware, very transparent, and honest during tax time.