ATO's new property webpage

Tax Commissioner, Michael D'Ascenzo, recently launched the ATO's new one-stop webpage Property.

The ATO's Property page outlines information on property topics including:

• Income Tax;
• Capital Gains Tax (CGT);
• Goods and Services Tax (GST);
• Residential rental properties;
• Property used in running a business;
• Property development; and
• Building and renovating.

The new ATO property site can be found at www.ato.gov.au/property.

Ref: ATO Media release 2011/50