Individual Checklist Tax Return

Please look over this checklist and collect all information and receipts relating to your income and deductible expenses.

Income:

  • Payment summaries (P.A.Y.G)
  • Allowances (eg entertainment/ car)
  • Lump sum and termination payments
  • Government pensions and allowances
  • Other pensions and annuities
  • Interest and dividends
  • Rent
  • Distributions from partnerships or trusts
  • Details of investment assets sold, such as shares or real estate


Expenses that you may be entitled to claim:

  • Use of own motor vehicle for business travelling
  • Other business travelling expenses (car parking, road tolls, accommodation)
  • Purchasing of protective clothing or uniforms
  • Sun protection expenses
  • Self education expenses
  • Home office running expenses
  • Business telephone expenses
  • Depreciation of library, tools, business equipment, percentage of home computer
  • Tools of trade
  • Donations
  • Income Protection Insurance
  • Subscriptions to trade magazines
  • Union membership


Medical Information:

  • Private Health Funds Annual Statement
  • Medical expenses in excess of $2000 (Medicare and Private Funds Listing)


Children's Education Expenses (only applicable if FTB eligible):

  • Costs incurred for books, computers, internet, stationery - not school fees, uniforms


Expenses relating to investment income:

  • Account keeping fees
  • Ongoing management fees
  • Interest on borrowing to buy shares
  • Advice relating to changing and managing investments (but not selling them)


Expenses relating to rental income:

  • Advertising
  • Council/ Water rates
  • Depreciation on improvements
  • Insurance
  • Interest
  • Management Fees
  • Repairs and maintenance
  • Travelling to inspect property