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#EveryoneNeedsaPlan: ATO Tax Time Toolkit for Investors

Posted by Dean McKinnon on 24 May 2024

If you are an investor, it is advisable to prepare well in advance for the completion and lodgement of your Tax Return.

  • The ATO has sophisticated data-matching capabilities with a broad scope
  • Data relating to investment properties, shares, crypto assets, etc., are now available to the ATO
  • The ATO will likely know if you have received income or made gains on the sale of an investment asset
  • The ATO will “pre-fill” the Tax Return and automatically include details they have relating to an investor’s assets
  • If the investor does not declare taxable data relating to investment, it is likely the ATO will know about it
  • The ATO has provided a “Toolkit” for investors to help them prepare for their tax return – it is well worth the read

We strongly recommend that you seek professional advice regarding the preparation and lodgement of your Tax Return. If you don’t have a tax professional to help you, contact us and we will arrange a referral.

Author:Dean McKinnon
Tags:Tax

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