Couples Rental Taxation Return 2011

couples rental tax | year ending 30 June

Welcome to our Couples Rental Property Tax Return, including for your other income and deductions.
For our singles rental return, refer here. For prior year returns, simply change the year above.
For muliple properties, click ADD ANOTHER below, or for more than 2, submit this form again.
Fees are just $22 each 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 one of your refunds (if expected) for $22.
Please contact us here for help, and you can also upload your records for us to compile if needed.

PERSONAL DETAILS

Partner 1

Partner 2

Full Name

TFN and Birthdate

Telephone

Your Address

Residency Status

permanent resident resident for tax purposes - refer info non-resident

RENTAL PROPERTY INCOME
ADDRESS	acquired
OWNERSHIP*	Partner 1 Partner 2
AVAILABLE TO RENT	to change if different

INCOME
rent received
other income

EXPENSES
advertising
accounting & tax
agent fees
bank charges
body corp fees
borrowing costs
cleaning & waste disposal
depreciation building
depreciation equipment
electricity & gas
equipment hire
interest
insurance
land tax
office expenses
rates
repairs & maintenance
replacements
sundry expenses
travel costs
other not mentioned
other information
I confirm I have all receipts & records to evidence the above (required), and have excluded any private use from amounts
ADD ANOTHER RENTAL PROPERTY


RENTAL PROPERTY INCOME 2
ADDRESS	acquired
OWNERSHIP*	Partner 1 Partner 2
AVAILABLE TO RENT	to change if different

INCOME
rent received
other income

EXPENSES
advertising
accounting & tax
agent fees
bank charges
body corp fees
borrowing costs
cleaning & waste disposal
depreciation building
depreciation equipment
electricity & gas
equipment hire
interest
insurance
land tax
office expenses
rates
repairs & maintenance
replacements
sundry expenses
travel costs
other not mentioned
other information
I confirm I have all receipts & records to evidence the above (required), and have excluded any private use from amounts
MORE PROPERTIES? PLEASE RESUBMIT ANOTHER RETURN (NO ADDED FEE & PERSONAL DETAILS NOT REQUIRED)

Partner 1 Other Income & Deductions

PAYG Summary 1 see list

Other Income

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

CLOSE LIST

Work related expenses 1

see TAX TIPS

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 home to work and back.
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.

Close List

Other Deductions

see LIST

Partner 2 Other Income & Deductions

PAYG Summary 1

Other Income

Work related expenses 1

Other Deductions

OFFSETS & OTHER - Both Partners

Other Offset see list

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

CLOSE LIST

Flood Levy Exemption (2012 only)

flood levy info

Remote Zone Offset zone areas

Spouse

Dependants

Income Tests

Private Hospital Cover, if any

Medicare Levy Exemption

I have a medicare card I am not entitled to medicare

REFUNDS *A Bank account is required * Must be in your name for ATO identity purposes

Deposit your Refund to:

Australia Bank Account Overseas Bank Account

AUSTRALIAN BANK DETAILS:

Bank

Account

OVERSEAS BANK DETAILS*
* Note - IMT bank transfer fees of $25 apply

Bank

Account

FEE PAYMENT METHOD

PAYMENT OPTIONS:

mastercard
visa
pay on refund

CARD DETAILS:

Card Number
Expiry mm/yy
Name on Card

AMOUNT DUE:

Promo Code, if any

PAY ON REFUND AUTHORITY

I request to pay my tax return fees from my tax refund. I understand I will receive the balance if my tax refund is deposited electronically to the stated account above. I accept that I am responsible for providing correct information and that incorrect information may cause delays in receiving my refund money. I authorise you to direct the ATO to deposit my tax refund into the relevant trust account and to deduct fees as calculated. The balance remaining after deduction of your fees is to be repaid to my nominated bank account above. I acknowledge that:

Should any variation arise with the Australian Tax Office (ATO) or my refund cheque is forwarded to me in error, I will pay the fee owing directly within 7 days of written notice.

Where due to an error on the part of either the ATO or myself, payment is made to me in excess of the correct amount due to me by the ATO, I will refund the difference within 7 days. I further understand that in the event of me not repaying any outstanding amount, I am liable for collection costs and charges.

I further agree that if I do not refund the difference within 7 days, I authorise all or part of the difference to be repaid from my nominated bank account above. I authorise BC ACCOUNTANTS AUSTRALIA PTY LTD to make this deduction on my behalf until all amounts are paid.

I also decare that I have no amounts outstanding to the ATO or in relation to the Child Support Agency, the Family Assistance Office or Centerlink.

Privacy: I understand the Privacy Policy provided on this website, and authorise that my Tax File Number (TFN) may be used for the purposes of reconciliation in paying my fees from my refund, and for the audit of BC Accountants Trust Account. It is under no circumstances to be made public.

I hereby agree and authorise the above

DECLARATION & CONSENT

We declare that all the information provided above is true and correct, and understand tax laws impose heavy

penalties for giving false or misleading information. We have all the necessary receipts and records to evidence

claims for deductions. We hereby authorise tax agents BC Accountants to lodge returns based on this information.

DECLARATION APPROVED

PRINT A COPY

PREPARE RETURN

V410