Individual Income Tax Return Checklist



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Transcription:

Individual Income Tax Return Checklist Income PAYG Summary Statement Deductions Motor Vehicle & Travel Expenses Appendix A Lump Sum Payments Receipts of work related expenses (eg. Employment Termination Payments) Details of depreciable assets bought during the year. Details and receipts for home office expenses Summary of Investments Professional journals / trade magazines Professional memberships / subscriptions Receipts for continuing professional development courses Bank Statements and seminars (detailing interest earned and term deposits) Receipts for self-education expenses Receipts for protective clothing, uniform expenses, tools and equipment, and travel Share Dividend Statements Receipts for any other work-related deductions Trust Distribution Statements Managed Fund Annual Tax Statement(s) Buy / Sell Contract Notes (if any shares / investments sold) Social Security Summary Statements Employee Share Scheme Statements Documentation of Foreign Source Income / Foreign Assets or Property New Clients Prior Year s income tax return Prior Year accountancy fees Expenditure incurred in earning interest, dividend and other investment income (eg. investment advice fees, funds borrowed to purchase investments) Receipts of donations to charities Receipts of Income Protection Insurance Other Information Private Health Insurance Statement Details of Medical Expenses (If total exceeds 2,120 after Medicare and private health rebates) Spouse Details Appendix B Investment Property Appendix C Bank Account Details (BSB, Account Number & Account Name) (1)

Motor Vehicle & Travel Expenses Appendix A Hire Purchase / Lease Did you have a motor vehicle under Lease / Hire Purchase If yes, was it a Novated lease through your employer? Log Book Did you keep a logbook for a 12 week period during this year? Did you keep a logbook for a 12 week period in the last 5 years? Have your driving patterns changes by more than 10% since the last logbook period? If Yes, provide copy What is the Business usage (%) of motor vehicle % Motor Vehicle Details Make and Model of Motor Vehicle Date of Purchase: Purchase Price of Car Engine Capacity in litres (eg 1.8 Litres) litres Car Registration Number Total Kilometres Travelled Kms (2)

Motor Vehicle & Travel Expenses Appendix A (Continued) Motor Vehicle expenses Fuel Costs Repairs and Maintenance Registration Costs: Insurance (including CTP) Car Wash Travel Costs Taxi Buses Tolls Parking Flights Accommodation Other (3)

Spouse Details Appendix B Spouse Family Details What is your Marital Status? If married, did you get married during the financial year? Single / Married / De Facto Date of Marriage Spouse s Name: Spouse s Date of Birth Spouse s Taxable Income Dependants Details Dependants Name Date of Birth Income (if any) (4)

Investment Property Details Appendix C Please copy this schedule for more than one property. To be completed for each property. Property Address: Weeks Rented this financial year? Was this property purchased this financial year? Was this property sold this financial year? Information Required weeks If Yes, please provide settlement sheet in relation to purchase If Yes, please provide settlement sheet in relation to sale Annual Agent Statement (detailing income) Details Attached / Not Applicable Advertising for Tenants Details Attached / Not Applicable Bank Charges Details Attached / Not Applicable Body Corporate / Strata Fees Details Attached / Not Applicable Council Rates Details Attached / Not Applicable Gardening/Lawn Mowing Details Attached / Not Applicable Insurance Details Attached / Not Applicable Loan Statement for the entre financial year Details Attached / Not Applicable Land Tax Details Attached / Not Applicable Legal Fees Details Attached / Not Applicable Pest Control Details Attached / Not Applicable Repairs and Maintenance Details Attached / Not Applicable Travel Costs Details Attached / Not Applicable (5)