The ATO has revealed a surprising tax crackdown – and if you own these five household items, they could land you in very hot water.
The ATO will be requesting an extra five years’ worth of policy information from more than 30 insurance companies about Australian taxpayers that own a group of specific “lifestyle assets”.
The blitz will see the ATO receive financial information on around 350,000 taxpayers from 2015-16 to 2019-20 as part of its data-matching program of work. She said lying about your income or failing to declare capital gains was effectively “stealing from the community” and meant there was less cash in the kitty for things like infrastructure and services we all rely on like schools, hospitals, and roads.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 80 coke dealers busted in SydneyMore than 80 people have been charged in a Christmas season crackdown on cocaine supply in Sydney, including a 24-year-old pregnant woman.
Read more »
New DNA evidence rejects incest claim but couple's visa nightmare goes onAn Ethiopian couple suspected of incest by the Australian government have been told their visa case cannot be reviewed despite fresh DNA evidence that scuttles the claim.
Read more »
Multiple people injured as protests spread to New Delhi over India's new citizenship lawFresh clashes erupt in New Delhi between protesters and police in a week of opposition to a new law that makes it easier for non-Muslims from neighbouring countries to gain citizenship.
Read more »
Designs revealed for Parramatta's new Powerhouse MuseumTwo architectural firms from France and Australia have created the winning design for the museum's future home in Sydney's western suburbs.
Read more »
Winning design for Parramatta's Powerhouse Museum branded a 'monstrosity on stilts'The design for the Powerhouse Museum's new home at Parramatta is revealed, and criticised, particularly as two heritage buildings will need to be demolished to make way for monstrosity on stilts.
Read more »
Cheating boyfriend blames girlfriend for his affairA woman has spoken out about being gaslighted by an ex partner, revealing he’d make cruel comments about their sex life in order to justify his cheating behaviour.
Read more »