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Personal Details

• Tax file number
• ID – passport, drivers license, etc
• Bank details – BSB, account number
• Previous year’s income tax return if new clients
• Spouse taxable income if not our client

Income/Earnings Documents

Payment Summaries

• Lump Sum and Termination Payment Summaries
• Government payment statements, if received
• Interest income from banks and building societies
• Dividend statements for dividends received or reinvested
• Annual Tax Statements from Managed Funds
• Rental properties
• Business
• Foreign income
• Capital gains
• Employee share schemes
• Partnership & trust distributions
• Managed fund statements
• Sole trader (ABN) income

Offsets and Refunds

• Spouse details including taxable and exempt
• Dependants details – name, DOB, legal responsibilities
• Private health insurance statement

Deductions

• Work related expenses
• Motor vehicle Travel (fares & accommodation)
• Uniforms/ protective clothing
• Self-education and professional development
• Union, registrations, tools, subscriptions, memberships
• Asset purchase details – Computer, tools, equipment, etc
• Investment related expenses
• Home office, seminars and conferences
• Donations to charity organisation
• Telephone, computer, internet
• Accounting or tax agents fee
• Income protection insurance
• Superannuation contribution if self-employed
• Sole trader (ABN) expenses
• Any other costs incurred earning income
• Donations to charities or building funds
• Income protection insurance

Rental Property

If a rental property was purchased during the year

• Date contract signed
• Copy of statement of adjustments, including details of settlement of property costs (ie. Council
• rates, body corporate fees)
• Date the property was first available for rent
• Copy of loan documentation detailing amounts paid in loan establishment fees, mortgage stamp
• duty etc.
• Details of fixture and fittings in the property at time of purchase, eg.Hot water system, light fittings,
• curtains, stove etc. You should include second hand value, not replacement value

If a rental property was sold during the year

• Date contract signed
• Copies of settlement documentation
• Details of the original purchase, including date contract was signed and settlement statement

For all properties rented during the year

• If you employ a property manager, a copy of their yearly summary of income and expenses for the
• property
• If the property is self-managed, a schedule of rent collected
• Details of all expenses paid directly including the following:

- Advertising for tenants

- Body Corporate fees

- Council and water rates

- Repairs and maintenance to the property

- Insurance

- Land tax

- Legal fees

• Copy of loan statements