Income Tax Return Checklist

(eg. Newstart/Youth Allow)

(incl exempt eg Disability etc)

(From Banks, Building Societies etc. If yes, please provide details)

Have you sold or disposed of any assets? Please provide the information for each asset sold. Note: The description of assets is very broad and includes but is not limited to the following: shares, options, futures, units, property or other personal assets that have been sold.

(Include foreign pensions, property sales or earnings)

For first year claims – settlement statement, purchase contract including depreciation schedules, advice from vendor regarding historical construction costs, description and cost of all capital expenditure since purchase. The following expenses are generally deductible: advertising for tenants, agent’s commission and letting fees, rates, repairs and maintenance, insurance, body corporate fees, borrowing expenses, interest, depreciation of furniture and fittings, travelling exclusively to inspect the property.

Have you carried on a business during the year? If yes, please provide details of income and expenditure relating to your business activity.

Did you complete any self-education courses? Will this course help you earn additional income from your current job or obtain formal qualification in your current employment field? Is there a direct connection between your self-education and your current work activities? If you answered yes to these questions you will be able to claim expenses that may be claimed include textbooks, stationery, student union fees, travel and depreciation (e.g. computer, home office furniture etc). Also provide details of travel expenses from university to home. Note: Payment of HELP, HECS, SFSS, Open Learning fees or AUSTUDY loan repayments are not tax deductions.

Have you incurred any motor vehicle expenses relating to your work? Do you have a current logbook (i.e. kept for 12 continuous weeks during the past four years)? Will your employer verify your claim? If yes, please provide the business percentage ascertained from your logbook as well as total expenses for fuel and oil, interest, leasing, registration, insurance, repairs and maintenance. Note: Business kilometres are kilometres travelled in relation to earning income but exclude travel between home and work even if the trip is made more than once a day. Picking up the mail on the way to work or home cannot be included. The exception to this home to work rule is if your vehicle is required to carry bulky tools or equipment or your home is your base of employment. Please contact us to discuss if you have any queries regarding this claim.

Note: The following details are required to be kept: nature of the activity, the date and approximate time when the activity began and how long it lasted, and where the activity took place and any tolls. If a detailed itinerary was provided this provides an adequate travel diary.

A claim can be made for the cost of buying, renting, repairing or cleaning Occupation Specific Clothing, Protective Clothing and Work uniforms.

Do you look after a spouse, parent or child who is an invalid? If so, please provide details.

You may be able to claim a tax offset if you lived in a remote area or served in defence forces overseas.

De-facto, Marriage, Civil Union