rental tax return | year ending 30 June
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Welcome to our Rental Property Tax Return, including for your other income and deductions.
Jointly owned property with a partner can be lodged using our Couples Rental form here.
For muliple properties, click ADD ANOTHER below. For more than 2, submit this form again. We will combine them into one return and fee. For prior year returns, simply change the year above.
Fees are just $33 per property + our discount tax return fee of $66. Payment is by credit card or you can elect at bottom to have the fee deducted from your refund (if expected) for $22.
Please contact us here for help, and you can also upload your records for us to compile if needed. |
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PERSONAL DETAILS |
Privacy Policy |
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Full Name |
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TFN and Birthdate |
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Email |
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Telephone |
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Your Address | |
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INCOME DETAILS |
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PAYG Summary 1 see list |
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Other Income |
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PAYG SUMMARY INCOME
- Include here all income and tax credits on every PAYG Summary. Click Add Another for more lines
- Employment Wages, Salaries, Directors Fees - Enter all details and Gross income & PAYG tax withheld
- Employment Allowances - If on your PAYG Summary these are also taxable Income, enter on a new line
- Employment Lump Sum Payments - Include here but also email us a copy to ensure correct treatment
- Government Pensions, Youth Allowance, Newstart, Austudy - All taxable unless exempt on your PAYG Summary
OTHER INCOME
- Include here all other taxable income, such as;
- Interest income - Provide the Gross amount including Any Witholding Tax that was deducted
- Dividend income - Provide the Gross amount including Any Imputation Franking Credit deducted
- Capital Gains/Losses - Include here but email us all details of purchase and sale
- Trust or Partnership Distributions - Include here but email us a copy of distribution statement
- Superannuation Fund Payments - Include here but also email us a copy to ensure correct treatment
- Foreign income - Include here but also email us a copy to ensure correct treatment
- Business income - Please refer our Sole Trader/ABN Income Tax Return
- Rental Property income - Please refer our Rental Income Tax Return
OTHER REPORTABLE ITEMS
- These may appear on your PAYG Summary and are not taxable, but must be entered in Income Tests below
- Reportable Employer Superannuation Contributions
- Reportable Fringe Benefits
- Tax-free Government Pensions
- Exempt foreign income
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DEDUCTIONS |
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Work related expenses 1 see list |
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Work Related Deduction Examples...
- Note 1 - You need to list these separately above and tell us the basis (use Add Another for more fields)
- Note 2 - You must keep receipts if total deductions exceed $300, except for some verifiable estimates listed below.
- Note 3 - All must behave arisen in connection with your work, and an ATO Audit would verify this with your employer.
- Car Use - Provide an estimate of work-use kilometres up to 5000 kms, car rego and engine size. Exclude from/to home.
- Car Use 2 - Or provide all vehicle details and costs for us to use another method. Use the Unsure space below.
- Travel Expenses - Provide any travel costs, car hire, fares, tolls or parking fees where necessary for work.
- Uniforms - Provide cost of compulsory, protective or occupation-specific uniform. Excludes everyday clothing.
- Laundry - Provide estimate up to $150 for weekly laundry & dry-cleaning of uniforms and protective clothing
- Self-Education - If related to current work, provide course name, fees, books, travel, equipment, less first $250
- Fees - Provide union, professional, and trade fees & registrations. Also Check your PAYG Summary for these.
- Training - Provide the cost of work seminars, courses, conferences & workshops, and related costs.
- Books & Periodicals - Provide cost of reference books, journals, trade magazines and online subscriptions
- Safety items - Safety or protective items such as hats, safety glasses, sun-protection & sun-glasses if work-related.
- Tools & Equipment - If under $300, Provide details for 100% deduction, and apportion for any personal use.
- Depreciation - Provide details of items over $300, to depreciate over useful life, or 37.5% if under $1000.
- Home Office - Provide work-use proportion of telephone, internet or electricity bills.
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Other Deductions see list |
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Other Deduction Examples...
- Income Protection - Insurance Premuims for work income are deductible. Life insurance is never deductible.
- Investment deductions - Claim any financial advice, transaction fees, or interest costs on loans to invest
- Donations - Made to an approved charity or other organisation
- Tax Agent - Fees Don’t forget to include tax return fees paid during the year, as well as any ATO interest imposed.
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Unsure? Tell us more... |
Provide further details here...
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OFFSETS & OTHER INFO note - most income-based offsets will be automatically calculated for you |
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Other Offset see list |
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IMPORTANT NOTE
- In most cases these offsets and adjustments will be calculated for you
- Some spouse and dependant offsets no longer apply, but may still affect medicare and other offsets
OFFSETS
- Low Income Offset - Will be calculated on your overall taxable income
- Spouse Offset - Now only for a spouse over 40, and income under $9702, but affects other offsets & thresholds
- Dependants - Includes children and relatives. now paid by FAO, but affects other offsets & family thresholds
- Seniors Tax Offset - Will calculate from your age, income and spouse's income
- Mature Age Worker Offset - Will calculate from your age and work-type income
- Entrepeuners Tax Offset - Will calculate from your business income
- Private Health Insurance Rebate - Will be based on the rebateable amount you provided above
- Zone Offset - If lived in remote area > 183 days, provide area, no. of days, spouse and dependant details
- Medical Expenses Offset - 20% of unrefunded medical costs > $2060, provide total inc dental, optical & pharmacy
- Spouse Super Offset - Provide contribution amount, spouse details and income
OTHER ADJUSTMENTS
- Medicare Levy - Will calculate from your income or family income thresholds
- Medicare Surcharge - Will calculate from hospital cover and family adjusted taxable income
- Medicare Exemption - Provide an exemption certificate from Medicare Australia or apply below
- Flood Levy - Will calculate on your income unless you indicate exemption status
- Part-year resident - Will adjust thresholds from the date you became a resident for tax purposes
- Income Tests - Provide reportable super, fringe benefits and any exempt pensions or foreign income
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Flood Levy Exemption (2012 only) |
flood levy info |
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Remote Zone Offset zone areas |
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Spouse |
Enter Spouse name, date of birth, and taxable income |
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Dependants |
Enter the names and date of birth of any dependants (separate by commas) |
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Income Tests |
Enter any Reportable Super or Fringe Benefits, Tax-free Pensions or Foreign income, or Child-support you paid. (provide type and amount) |
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Private Hospital Cover, if any |
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Medicare Levy Exemption |
medicare declaration for non-residents- refer info
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REFUNDS *A Bank account is required * Must be in your name for ATO identity purposes |
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Deposit your Refund to: |
Australia Bank Account
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AUSTRALIAN BANK DETAILS: |
Bank
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Account
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OVERSEAS BANK DETAILS** Note - IMT bank transfer fees of $25 apply |
Bank
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Account
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FEE PAYMENT METHOD |
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PAYMENT OPTIONS:
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CARD DETAILS:
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AMOUNT DUE:
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DECLARATION & CONSENT |
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I declare that all the information provided above is true and correct, and I understand the tax law imposes heavy |
penalties for giving false or misleading information. I have all the necessary receipts and records to evidence my |
claims for deductions. I authorise my tax agent BC Accountants to lodge my tax return based on this information. |
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DECLARATION APPROVED |
PRINT A COPY |
PREPARE RETURN |
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V380 |
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