Rental property data matching

The ATO collects data from a number of sources about rental properties and some new data matching protocols are now in place:

• Landlord insurance – data will provide us information about rental property insurance policies including premiums paid and claim payouts received.

• Residential investment property loan – data will help to ensure that interest and borrowing expense deductions are correct.

Key contributors to the $1.3 billion rental tax gap include incorrect reporting of rental income and expenses, including interest expenses, insurance premiums, claim payouts, repair costs and capital works deductions.

These mistakes make up 14% of the total Individuals tax gap.