Practitioners cautioned ahead of ATO’s CGT focus

The Tax Office’s ever-increasing data-matching capabilities means tax practitioners need to be pushing clients for contemporaneous and thorough records, particularly as the agency places a focus on capital gains tax.

by | May 29, 2019

FBT overhaul ‘not a priority’ for government

Speaking to Accountants Daily, HWL Ebsworth Lawyers senior associate Vincent Liccardi said the ATO’s increased focus on CGT stems from its increasing data-matching abilities, as well as new international agreements — such as the Common Reporting Standard — which will allow the Tax Office to scrutinise tax information with foreign jurisdictions.

Read more at the Accountants Daily

Share This