Individual Tax Return Checklist

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/ Income Statement
Lump Sum and Termination Payment Summaries
Government payment statements, if received
Interest income from banks
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 income
Private health insurance statement

Work Related Deductions

Car Expenses
Clothing and uniform expenses (including footwear)
First aid courses
Home office expenses
Laundry and maintenance
Newspapers and other news services, magazines and professional publications
Parking fees and tolls
Phone, data and internet expenses
Self-education and study expenses
Seminars, conferences and training courses
Taxi, ride-share, public transport and car hire
Tools and equipment
Travel expenses
Union and professional association fees
Asset purchase details – Computer, tools, equipment, etc

Other Deductions

Accounting or tax agents fee
Donations to charity organisation
Investment related expenses
Income protection insurance
Superannuation contribution if self-employed
Sole trader (ABN) expenses

Rental Property

Rental Property

If a rental property was purchased during the year

Date the property was first available for rent
Copy of loan documentation detailing amounts paid in loan establishment fees, mortgage stamp duty etc.

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

Rental Income

- Property Agent End of Year Statement

Rental Expenses

- Advertising for tenants

- Body Corporate fees

- Borrowing expenses

- Cleaning

- Council rates

- Gardening

- Insurance

- Interest on loan

- Land tax

- Legal fees

- Pest control

- Property Agent Fee

- Repairs and maintenance

- Water

- Other/ Sundry expenses