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GlobalData

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ATO identifies common CGT reporting errors

GlobalData
Summary
Nutrition label

86% Informative

The Australian Taxation Office has identified common errors in capital gains tax ( CGT ) reporting.

Errors often stem from the mischaracterisation of information and inadequate recordkeeping.

Errors include incorrect cost base calculations, misreporting of transaction years or not reporting them at all.

ATO has agreed to implement all seven recommendations to enhance ethical decision-making and data integrity.

VR Score

90

Informative language

92

Neutral language

53

Article tone

semi-formal

Language

English

Language complexity

81

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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