ATO data matching program - lifestyle assets

The ATO will acquire lifestyle assets data from insurance policies for 2020–21 through to 2022–23 for the following assets where the value is equal to or exceeds nominated thresholds.

Asset Class  Minimum Asset Value Threshold 
Marine vessels  $100,000
Motor vehicles  $65,000
Thoroughbred horses $65,000
Fine art $100,000 per item
Aircraft  $150,000

The data items include the following:

The objectives of the lifestyle assets data-matching program are to:

Should you have any queries, please contact our office to discuss. 
The Money Edge | Bundaberg

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