Errors in Capital Gains Tax Reporting
This is a news story, published by Yahoo Finance, that relates primarily to The Australian Taxation Office news.
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ATO identifies common CGT reporting errors

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.
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