Motor vehicle registries data-matching program protocol

The ATO has issued website guidance on their motor vehicle registries data-matching program protocol.
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The ATO uses data from state and territory motor vehicle registries to identify vehicles that have been sold, transferred or newly registered with a value of $10,000 or more.

The data can be used to identify potential undeclared income, capital gains and business transactions, as well as discrepancies between information reported to the ATO and vehicle ownership or transfer records. Practitioners should therefore ensure clients properly account for vehicle transactions and consider the relevant income tax, CGT and GST implications, particularly where vehicles are used in business or disposed of for consideration.

The ATO's current published protocol covers motor vehicle registry data for the 2016–17 to 2024–25 financial years.

Hansens would like to remind clients that vehicle transactions may be cross-checked against ATO records, making accurate reporting and appropriate documentation of vehicle acquisitions, disposals and business use important.

As always, if in doubt please feel free to reach out to a member of the Hansens team. We're here to help.

More information Motor vehicle registries data-matching program protocol.