Individual tax return 2014

Transcription

1 Individual tax return uly 2013 to 30 une 2014 lease print neatly in BO TTRS with a black or blue ballpoint pen only. Your tax file number (T) See the rivacy note in the Taxpayer s declaration on page 15 of this return. re you an ustralian resident? ave you included any attachments? Your name Title for example, r, rs, s, iss Your sex rint X in the relevant box. ale emale Surname or family name Given names as any part of your name changed since completing your last tax return? To find out how to update your name on our records, go to ato.gov.au/updatedetails or phone Your postal address as your postal address changed since completing your last tax return? Suburb or town State ostcode ountry if not ustralia Your home address If the same as your current postal address, print S BOV. Suburb or town State ostcode ountry if not ustralia Your mobile phone number Your daytime phone number (if different from your mobile phone number above) Your address rea code hone number Your contact details may be used by the TO: to advise you of tax return lodgment options to correspond with you with regards to your taxation and superannuation affairs to issue notices to you, or to conduct research and marketing. Your date of birth If you were under 18 years of age on 30 une 2014 you must complete item 1 on page 5 of this tax return. inal tax return If you know this is your final tax return, print I. lectronic funds transfer (T) We need your financial institution details to pay any refund owing to you, even if you have provided them to us before. Write the BSB number, account number and account name below. BSB number (must be six digits) ccount number ccount name (for example, Q itizen. o not show the account type, such as cheque, savings, mortgage offset) T Sensitive (when completed) age 1

2 Income 1 Salary or wages Your main salary and wage occupation ayer s ustralian business number Occupation code Tax withheld (do not show cents) X Income (do not show cents) G 2 llowances, earnings, tips, director s fees etc 3 mployer lump sum payments 4 mployment termination payments (T) ate of payment R mount in lump sum payments box 5% of amount B in lump sum payments box Taxable component I O ayer s B 5 ustralian Government allowances and payments like newstart, youth allowance and austudy payment 6 ustralian Government pensions and allowances You must complete item T2 in Tax offsets on page 4. 7 ustralian annuities and superannuation income streams 8 ustralian superannuation lump sum payments ate of payment Taxable component ump sum in arrears taxable component Taxable component B Taxed element Untaxed element Taxed element Untaxed element Taxed element Y Z Q ayer s B Untaxed element 9 ttributed personal services income O Total tax withheld dd up the boxes. $ age 2 Sensitive (when completed) IIVIU TX RTUR 2014

3 ttach all requested attachments here. 10 Gross interest Tax file number amounts withheld from gross interest Gross interest 11 ividends Unfranked amount S ranked amount T Tax file number amounts withheld from dividends V ranking credit U 12 mployee share schemes iscount from taxed upfront schemes eligible for reduction iscount from taxed upfront schemes not eligible for reduction iscount from deferral schemes iscount on SS Interests acquired pre 1 uly 2009 and cessation time occurred during financial year T amounts withheld from discounts G Total ssessable discount amount. B oreign source discounts I Only used by taxpayers completing the supplementary section Transfer the amount from TOT SUT IO OR on page 10 and write it here. TOT IO OR dd up the income amounts and deduct any loss amount in the boxes. eductions 1 Work related car expenses 2 Work related travel expenses B I 3 Work related uniform, occupation specific or protective clothing, laundry and dry cleaning expenses I 4 Work related self-education expenses I 5 Other work related expenses 6 ow value pool deduction 7 Interest deductions I 8 ividend deductions 9 Gifts or donations 10 ost of managing tax affairs Only used by taxpayers completing the supplementary section Transfer the amount from TOT SUT UTIOS on page 11 and write it here. TOT UTIOS Items 1 to add up the boxes. SUBTOT osses 1 Tax losses of earlier income years rimary production losses carried forward from earlier income years on-primary production losses carried forward from earlier income years TOT IO OR less TOT UTIOS rimary production losses Q R claimed this income year on-primary production losses claimed this income year Z TXB IO OR IIVIU TX RTUR 2014 Sensitive (when completed) Subtract amounts at and Z item 1 from amount at SUBTOT. $ age 3

4 Tax offsets T1 Spouse (without dependent child or student) To claim the spouse tax offset you must also complete Income tests on page 6 and Spouse details married or de facto on page 7. Only complete the following question if you had more than one dependent spouse between 1 uly 2013 and 30 une id you have a dependent spouse born on or before 30 une 1952? o Yes T2 Seniors and pensioners (includes self-funded retirees) If you had a spouse during you must also complete Spouse details married or de facto on page 7. TX OST O VTR Y O T3 ustralian superannuation income stream S T Only used by taxpayers completing the supplementary section Transfer the amount from TOT SUT TX OSTS on page 11 and write it here. TOT TX OSTS Items T1, T3 and T add up the boxes. U edicare levy related items 1 edicare levy reduction or exemption If you complete this item and you had a spouse during you must also complete Spouse details married or de facto on page 7. Reduction based on family income umber of dependent children and students xemption categories ull 1.5% levy exemption number of days alf 1.5% levy exemption number of days 2 edicare levy surcharge (S) TIS IT IS OUSORY. If you do not complete this item you may be charged the full edicare levy surcharge. or the whole period 1 uly 2013 to 30 une 2014, were you and all your dependants (including your spouse) if you had any covered by private patient OSIT cover? Y V W I If you printed Y, you must complete rivate health insurance policy details on the next page. If you printed, read below. If you are liable for the surcharge for the whole period 1 uly 2013 to 30 une 2014 you must write 0 at. If you are liable for the surcharge for part of the period 1 uly 2013 to 30 une 2014 you must write the number of days you were OT liable at. If you are OT liable for the surcharge for the whole period 1 uly 2013 to 30 une 2014 you must write 365 at. umber of days OT liable for surcharge If you had a spouse during (and you printed at ), complete Spouse details married or de facto on page 7. If you were covered by private patient hospital cover at any time during you must complete rivate health insurance policy details on the next page. age 4 Sensitive (when completed) IIVIU TX RTUR 2014

5 rivate health insurance policy details You must read rivate health insurance policy details in the instructions before completing this item. ill all the labels below unless directed in the instructions. ealth insurer I B embership number Your premiums eligible for ustralian Government rebate Benefit code Your ustralian Government rebate received Tax claim code. Read the instructions. O ealth insurer I B embership number Your premiums eligible for ustralian Government rebate Benefit code Your ustralian Government rebate received Tax claim code. Read the instructions. O ealth insurer I B embership number Your premiums eligible for ustralian Government rebate Benefit code Your ustralian Government rebate received Tax claim code. Read the instructions. O ealth insurer I B embership number Your premiums eligible for ustralian Government rebate Benefit code Your ustralian Government rebate received Tax claim code. Read the instructions. O djustments 1 Under 18 If you were under 18 years of age on 30 une 2014 you must complete this item or you may be taxed at a higher rate. Read the information on 1 in the instructions for more information. 2 art-year tax-free threshold Read the information on 2 in the instructions before completing this item. ate onths eligible for threshold 3 Government super contributions Read the information on 3 in the instructions before completing this item. Income from investment, partnership and other sources Other income from employment and business G O Other deductions from business income IIVIU TX RTUR 2014 Sensitive (when completed) age 5

6 Income tests You must complete this section. If you had a spouse during you must also complete Spouse details married or de facto on page 7. If the amount is zero, write 0. IT1 Total reportable fringe benefits amount IT2 Reportable employer superannuation contributions IT3 Tax-free government pensions IT4 Target foreign income IT5 et financial investment loss IT6 et rental property loss IT7 hild support you paid IT8 umber of dependent children W T U V X Y Z age 6 Sensitive (when completed) IIVIU TX RTUR 2014

7 Spouse details married or de facto If you had a spouse during , you must complete Spouse details married or de facto. We need the information included in this section to assess your tax accurately. If you did not have a spouse, go to page 8. Your spouse s name If you had more than one spouse during print the name of your spouse on 30 une 2014 or your last spouse. Surname or family name irst given name Other given names Your spouse s date of birth Your spouse s sex ale emale eriod you had a spouse married or de facto id you have a spouse for the full year 1 uly 2013 to 30 une 2014? o Yes If you did not have a spouse for the full year, write the dates you had a spouse between 1 uly 2013 and 30 une rom to id your spouse die during the year? Yes o This information relates to your spouse s income. You must complete all labels. Your spouse s taxable income If the amount is zero, write 0. O Your spouse s share of trust income on which the trustee is assessed under section 98, and which has not been included in your spouse s taxable income istributions to your spouse on which family trust distribution tax has been paid and which your spouse would have had to show as assessable income if the tax had not been paid T U Your spouse s total reportable fringe benefits amounts S mount of ustralian Government pensions and allowances (see Q6 ustralian Government pensions and allowances in the instructions) that your spouse received in (exclude exempt pension income) mount of exempt pension income (see mounts that you do not pay tax on in the instructions) that your spouse received in (show your spouse s exempt pension income) mount of your spouse s reportable superannuation contributions (which is the total of reportable employer superannuation contributions and deductible personal superannuation contributions) Your spouse s amount of any tax-free government pensions paid under the ilitary Rehabilitation and ompensation ct 2004 that have not been included at Q above Your spouse s target foreign income Your spouse s total net investment loss (total of net financial investment loss and net rental property loss) hild support your spouse paid Your spouse s taxed element of a superannuation lump sum for which the tax rate is zero (see 2 edicare levy surcharge in the instructions) Q B IIVIU TX RTUR 2014 Sensitive (when completed) age 7

8 Supplementary section Income Refer to the supplement instructions before you complete item 13. If you are required to complete item 13 include deferred non-commercial business losses from a prior year at either X or Y as appropriate. Refer to the supplement instructions for the relevant code. 13 artnerships and trusts rimary production on-primary production istribution from partnerships Share of net income from trusts andcare operations and deduction for decline in value of water facility Other deductions relating to amounts shown at and istribution from partnerships less foreign income Share of net income from trusts less capital gains, foreign income and franked distributions I X O U et primary production amount ote: If you have a net loss from a partnership business activity, complete items 3 and 9 in the Business and professional items section of this tax return in addition to item 13. Show amounts of: apital gains from trusts at item 18 on page 9 and oreign income at item 19 or 20 on page ranked distributions from trusts andcare operations expenses Other deductions relating to amounts shown at O, U and Y et non-primary production amount Share of credits from income and tax offsets Share of credit for tax withheld where ustralian business number not quoted Share of franking credit from franked dividends Q Share of credit for tax file number amounts withheld from interest, dividends and unit trust distributions R redit for T amounts withheld from payments from closely held trusts Share of credit for tax paid by trustee S Share of credit for amounts withheld from foreign resident withholding Share of ational rental affordability scheme tax offset B 14 ersonal services income (SI) Tax withheld voluntary agreement G Tax withheld where ustralian business number not quoted Tax withheld labour hire or other specified payments et SI transferred from item 1 on page 12 age 8 Sensitive (when completed) IIVIU TX RTUR 2014

9 15 et income or loss from business rimary production transferred from Y item 8 on page 13 on-primary production transferred from Z item 8 on page 13 B Tax withheld voluntary agreement If you show a loss at B or you must complete item 9 on page 14. Tax withheld where ustralian business number not quoted Tax withheld foreign resident withholding W Tax withheld labour hire or other specified payments 16 eferred non-commercial business losses Item 9 on page 14 must be completed before you complete this item. Your share of deferred losses from partnership activities eferred losses from sole trader activities G rimary production deferred losses I on-primary production deferred losses 17 et farm management deposits or repayments eductible deposits arly repayments exceptional circumstances arly repayments natural disaster Other repayments R et farm management deposits or repayments 18 apital gains id you have a capital gains tax G event during the year? ave you applied an exemption or rollover? Total current year capital gains O You must print Y at G if you had an amount of a capital gain from a trust. et capital gain et capital losses carried forward to later income years V 19 oreign entities id you have either a direct or indirect interest in a controlled foreign company ()? ave you ever, either directly or indirectly, caused the transfer of property including money or services to a non-resident trust estate? I W income Transferor trust income B IIVIU TX RTUR 2014 Sensitive (when completed) age 9

10 20 oreign source income and foreign assets or property ssessable foreign source income Other net foreign employment income T et foreign pension or annuity income WITOUT an undeducted purchase price et foreign pension or annuity income WIT an undeducted purchase price et foreign rent R lso include at ustralian franking credits from a ew Zealand franking company that you have received indirectly through a partnership or trust. et foreign employment income payment summary U Other net foreign source income ustralian franking credits from a ew Zealand franking company xempt foreign employment income oreign income tax offset uring the year did you own, or have an interest in, assets located outside ustralia which had a total value of U$50,000 or more? O 21 Rent Gross rent Interest deductions Q apital works deductions Other rental deductions U et rent less ( Q + + U ) 22 Bonuses from life insurance companies and friendly societies 23 orestry managed investment scheme income W 24 Other income Type of income ategory 1 ategory 2 Y V Tax withheld lump sum payments in arrears Taxable professional income Z TOT SUT IO OR Items 13 to 24 add up the boxes for income amounts and deduct any loss amounts in the boxes. Transfer this amount to I on page 3. age 10 Sensitive (when completed) IIVIU TX RTUR 2014

11 eductions 11 eductible amount of undeducted purchase price of a foreign pension or annuity Y 12 ersonal superannuation contributions ull name of fund und ustralian business number ccount number und tax file number 13 eduction for project pool 14 orestry managed investment scheme deduction 15 Other deductions not claimable at items 1 to 14 escription of claim TOT SUT UTIOS lection expenses Other deductions Items 11 to 15 add up the boxes and transfer this amount to on page 3. Tax offsets T4 Superannuation contributions on behalf of your spouse ontributions You must also complete Spouse details married or de facto on page 7. paid T5 Zone or overseas forces R T6 Total net medical expenses X o these medical expenses only relate to disability aids, attendant care or aged care? YS O T7 ependent (invalid and carer) B andcare and water facility tax offset T8 andcare and water facility brought forward from earlier income years T T9 et income from working supplementary section Read the information on T9 in the supplement instructions before completing this item. T10 Other non-refundable tax offsets If you are entitled to a low-income tax offset, do not write it anywhere on your tax return. The TO will calculate it for you. I T11 Other refundable tax offsets O TOT SUT TX OSTS Items T4, T5, T7, T8, T10 and T11 add up the boxes. Transfer this amount to T on page 4. djustment 4 mount on which family trust distribution tax has been paid Read the information on 4 in the supplement instructions before completing this item. X redit for interest on tax paid 1 redit for interest on early payments amount of interest IIVIU TX RTUR 2014 Sensitive (when completed) age 11

12 Business and professional items section 1 ersonal services income (SI) rint X in the appropriate box. id you receive any personal services income? YS Read on. O art id you satisfy the results test? O Q O O If you received less than 80% of your SI from each source for the whole of the period you earned SI and you satisfied any of the following personal services business tests, indicate which business test(s) you satisfied. rint X in the appropriate box(es). Refer to the publication Business and professional items 2014 before you complete this item. Unrelated clients test Read on. Read on. Read on. 1 mployment test art B o not show amounts at part B that were subject to foreign resident withholding. Show these at item 8. YS 1 Go to item 2. Go to item 2. ave you received a personal services business determination(s) that was in force for the whole of the period you earned SI? YS id you receive 80% or more of your SI from one source? YS Go to item 2. Go to part B. Business premises test SI voluntary agreement SI where ustralian business number not quoted SI labour hire or other specified payments SI other eductions for payments to associates for principal work Total amount of other deductions against SI 1 O If you printed X at 1, 1 or 1, go to item 2 below; otherwise go to part B. et SI ( + + O + ) less ( + ) Transfer the amount at above to item 14 on page 8. omplete items 2 and 3. o not show at item 8 any amount you have shown at part B of item 1. 2 escription of main business or professional activity Industry code 3 umber of business activities B 4 Status of your business print X in one box only. eased ommenced business 1 business 2 5 Business name of main business and ustralian business number (B) B 6 Business address of main business Suburb or town State ostcode 7 id you sell any goods or services using the internet? Q age 12 Sensitive (when completed) IIVIU TX RTUR 2014

13 8 Business income and expenses Income rimary production on-primary production Totals Gross payments where ustralian business number not quoted Gross payments subject to foreign resident withholding Gross payments voluntary agreement Gross payments labour hire or other specified payments ssessable government industry payments G B O I Other business income Total business income xpenses Opening stock urchases and other costs losing stock ost of sales ( + ) oreign resident withholding expenses ontractor, subcontractor and commission expenses Superannuation expenses Bad debts ease expenses Rent expenses Interest expenses within ustralia Interest expenses overseas epreciation expenses otor vehicle expenses Repairs and maintenance ll other expenses Total expenses dd up the boxes for each column. Q S T G I R O U Reconciliation items Section deduction Business deduction for project pool andcare operations and business deduction for decline in value of water facility Income reconciliation adjustments xpense reconciliation adjustments et income or loss from business this year eferred non-commercial business losses from a prior year B W X et income or loss from business Y Z Transfer the amounts at Y and Z to item 15 on page 9. IIVIU TX RTUR 2014 Sensitive (when completed) age 13

14 9 Business loss activity details Show details of up to three business activities in which you made a net loss this year. ist them in order of size of loss greatest first. If you print loss code 8 at G, or S you must also complete item 16 on page 9. ctivity 1 escription of activity Industry code artnership () or sole trader (S) Type of loss G ode Year Reference for code 5 Y umber eferred non-commercial business loss from a prior year I et loss ctivity 2 escription of activity Industry code artnership () or sole trader (S) Type of loss ode Year Reference for code 5 Y umber eferred non-commercial business loss from a prior year et loss O ctivity 3 escription of activity Industry code Q artnership () or sole trader (S) R Type of loss S ode Year Reference for code 5 Y umber eferred non-commercial business loss from a prior year T et loss U 10 Small business entity simplified depreciation eduction for certain assets eduction for general small business pool B Other business and professional items 11 Trade debtors 12 Trade creditors 13 Total salary and wage expenses G 14 ayments to associated persons 15 Intangible depreciating assets first deducted 16 Other depreciating assets first deducted 17 Termination value of intangible depreciating assets 18 Termination value of other depreciating assets 19 Trading stock election or leave blank. I ours taken to prepare and complete the Business and professional items section S age 14 Sensitive (when completed) IIVIU TX RTUR 2014

15 amily ssistance consent omplete this section only if you consent to use part or all of your 2014 tax refund to repay your spouse s amily ssistance debt. omplete the details below only if: you were the spouse of a family tax benefit (TB) claimant, or the spouse of a child care benefit claimant on 30 une 2014 and your spouse has given you authority to quote their customer reference number (R) on your tax return if your spouse does not know their R they can contact the epartment of uman Services and your spouse has a amily ssistance debt or expects to have a amily ssistance debt for 2014 and you expect to receive a tax refund for 2014 and you consent to use part or all of your tax refund to repay your spouse s amily ssistance debt. Spouse s R Z Important: You also need to provide your spouse s name, date of birth and their sex on page 7. I consent to the TO using part or all of my 2014 tax refund to repay any amily ssistance debt of my spouse, whose details I have provided on page 7. I have obtained my spouse s permission to quote their R. Your signature ate Taxpayer s declaration Read and sign the declaration after completing your tax return, including the Supplementary section, Business and professional items section and other schedules if applicable. I declare that: the information provided to my registered tax agent for the preparation of this tax return is true and correct, and I authorise my registered tax agent to lodge this tax return. Taxpayer s signature ate rivacy Important: The tax law imposes heavy penalties for giving false or misleading information. The TO will issue your assessment based on your tax return. owever, the TO has some time to review your tax return, and issue an amended assessment if a review shows inaccuracies that change the assessment. The standard review period is two years but for some taxpayers it is four years. The TO is authorised by the Taxation dministration ct 1953 to request your tax file number (T). We will use your T to identify you in our records. It is not an offence not to provide your T. owever if you do not provide your T, your assessment may be delayed. Taxation law authorises the TO to collect information and to disclose it to other government agencies. or information about your privacy go to ato.gov.au/privacy Tax agent s declaration I, declare that this tax return has been prepared in accordance with information supplied by the taxpayer, that the taxpayer has given me a declaration stating that the information provided to me is true and correct and that the taxpayer has authorised me to lodge the tax return. gent s signature ate lient s reference ontact name gent s telephone number gent s reference number rea code Telephone number IIVIU TX RTUR 2014 Sensitive (when completed) age 15

16 age 16 Sensitive (when completed) IIVIU TX RTUR 2014