Lifestyle assets – ATO data-matching program

The ATO will continue to acquire details of lifestyle assets from insurance policies for the 2021 to 2023 income years for the assets outlined below where the value is equal or exceeds the nominated thresholds.

Asset class Minimum asset value threshold
Marine vessels $100,000
Motor vehicles $65,000
Thoroughbred horses $65,000
Fine art $100,000 per item
Aircraft $150,000

 

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