15 Jan 077 ANAO Audit Report - Administration of CGT complianceOn 20 December 2007, the Auditor-General tabled ANAO Audit Report No16 2006-07 entitled "Administration of Capital Gains Tax Compliance in the Individuals Market Segment". In his conclusions, the Auditor-General stated that the ATO’s understanding of CGT compliance risks would be enhanced by increasing the disclosure requirements for asset disposals reported by individual taxpayers in their income tax returns. The ANAO made 7 recommendations aimed at improving the ATO’s administration of CGT compliance in the individuals market segment.
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For a copy of the Audit Brochure, go here