ATO Property Reporting information and forms

New Commonwealth Government legislation came into effect on 1 July 2017 requiring more information to be provided to the Australian Taxation Office (ATO) when ownership of a property changes. This applies to all buyers and sellers across Australia. The requirements are a COAG initiative to enable the ATO to develop consistent and comparable datasets in the national database, which will reduce tax error and increase tax compliance.

Every state and territory is implementing the data collection in accordance with individual state legislation. In Western Australia, the legislation is not expected to be passed until 2018. However, Landgate is engaging with the conveyancing industry to begin collecting this information in advance of WA legislation. The information covers details on the property itself and on the individuals, trusts, companies or organisations buying and selling property.

Information for conveyancing professionals

Settlement professionals representing buyers and sellers are requested to provide their clients with Client Form A for property related information and Client Form/s B/C/D/E for other information which relating to them.

Other information

This page was last updated on: 11 Sep 2020