ATO data matching – cars and property sales

ATO data matching – cars and property sales

The ATO is about to start a new data matching program on car sales and property sales that occurred between 1 July 2009 and 30 June 2010.

The car sales program will be much wider than the previous program that only concentrated on luxury cars, as all car sales over $10,000 will be caught in the net.

Motor vehicle data match
Details will be requested from the state and territory motor vehicle registering bodies where a motor vehicle was sold, transferred or newly registered between 1 July 2009 and 30 June 2010 and the transfer and/or market value of the vehicle is $10,000 or greater.

The ATO is basically using the data matching program to catch:

  • those who are not in the system;
  • businesses that are not reporting the sales of motor vehicles (for income and GST purposes); and
  • taxpayers in business whose reported income was not sufficient to support the purchase of the vehicle (perhaps because they may be skimming some or all of the cash takings).

Real property data match
State and territory authorities will be asked to provide updated identity and transaction details relating to property title transfers between 1 July 1999 and 30 June 2010.
Ref: ATO Media Release 2010/26