‘Life-style’ assets insurance – ATO data matching from insurance companies and others
The Commissioner has Gazetted a notice that he will acquire details of insurance policies for certain classes of assets, including marine vessels, enthusiast motor vehicles, thoroughbred horses, fine art and aircraft where the value exceeds nominated thresholds for the 2013-14 and 2014-15 financial years. The ATO said it will obtain policy holder identification details (names, addresses, phone…