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You are here: Home > Forms > Income Tax Organiser

Australian Income Tax Organiser



Dear Client,
This Organiser has been prepared to ease the task of compiling your tax information. We have made this a generic form, applicable for any financial year. The Australian tax year runs from the 1st July to the 30th June each year.

Full completion of the Organiser will help prevent omissions and allow us to address areas requiring special attention. Please read and complete each page of the Organiser as required. If there is insufficient space in a particular section, please photocopy the page and staple the extra copies to the Organiser.

Points to Note

1. Amounts are to be stated in Australian dollars unless otherwise indicated.
2. Dates should be stated using the day/month/year format.
3. Where necessary please indicate whether an income item or expense is incurred in both yours and your spouses names with the word “Joint ”.
    If you are unsure of your residency status, please contact Munro Accountants for clarification. As a general rule however,
    a) Inbound assignees will be resident if they remain in Australia for more than 6 months and show a degree of habitual or routine behaviour which is consistent with residence.
    b) Outbound assignees will generally remain residents of Australia unless the assignment length is greater than 2 years.

4. Please attach the following, unless prepared by Munro Accountants -
    a) Most recent Australian tax return and assessment notice
    b) Most recent foreign tax return (Only permanent residents receiving income from Other countries)
    c) PAYG Payment Summary
    d) Copy of dividend receipts
    e) Copy of receipts for any work related expenses
    f) Copy of income statements from investment trusts
    g) Copy of private health insurance annual statement (For U.K Residents and Permanent residents)
    h) Completed Medicare Levy Exemption Application (if not already forwarded to Munro Accountants)

If you require further assistance with the completion of this Organiser, please do not hesitate to contact Munro Accountants on 07 55 399 777.


PART 1 - PERSONAL DETAILS

TAXPAYER

SPOUSE

Surname
First Name
Tax File Number
Date of Birth
Residential Address
Postal Address
Business Telephone

Business Facsimile
Can we send confidential information to this facsimile?

Email Address
Mobile Phone Number
Home Telephone

Occupation

Employer

Do you have any children?
If Yes
How many under 12 years old -
How many over 12 years old -
If marital status has changed druring the year, please state the date of change -

AUSTRALIAN IMMIGRATION DETAILS (Not required for Australian Citizens)

Do you hold a Permanent or Temporary Visa  Temporary Visa         Permanent Visa
If Temporary -
What is the visa sub-class
What are the start and end dates of the visa
Please attach photocopy of visa as evidences in you passport
Have you renewed your visa since you first arrived in Australia  Yes                        No

 

 


PART 2 - INCOME DETAILS

Please note that the items included in this section are numbered in accordance with those used by the ATO for the income tax return. You need only complete those sections which are relevant to your situation.

1. SALARY DERIVED WHOLLY OR PARTLY IN AUSTRALIA

1.1 Were you on Australian payroll for all or part of the 1 July to 30 June year? Yes - please attach PAYG Payment Summary below
PAYG Payment Summary 
 No

1.2 Were you on foreign payroll whilst working in Australia?                             Yes - please provide company payroll contact details below  No
 
Company contact name
Company contact telephone number
Company contact email address
Please attached Earnings Statement from yoour employer detailing your earnings for the financial year

4. EMPLOYMENT TERMINATION PAYMENTS

Did you receive any lump sum payments on termination of employment?  Yes - please see below  No

If YES, please attach and tick the applicable box below:

PAYG Payment Summary (if applicable).

Statement of Termination Payment Form.

Reasonable Benefit Limit Determination (if applicable). This may include a payout from an overseas pension fund

If you left Australia permanently; did you cash in or transfer your superannuation? ? YES ?NO

10. AUSTRALIAN SOURCED INTEREST INCOME

10.1 Did you receive any Australian sourced income from a bank, building society, credit union, debenture, personal loan, deferred interest security, ATO etc?  Yes - please supply bank statements  No

Please supply a copy of the banking institution statement showing interest earned on the account  

11. AUSTRALIAN SOURCED DIVIDEND INCOME

11.1 Did you receive any dividends from Australian companies?  Yes - please supply dividend statements  No

Dividend Statements

11.2 Did you receive any bonus share issues?  Yes - please supply relevant documents  No

Share Bonus Issue Documents

13. AUSTRALIAN PARTNERSHIP/TRUST INCOME

Did you receive a share in partnership income or income as a beneficiary under a trust (including cash management, property or other unit trust)?

If YES, attach copies of year-end documentation, distribution statements and copies of relevant returns.

Income Cont.

18.1 CAPITAL GAINS (Australian Capital Gain)

Australian capital gains tax (CGT) is generally triggered when a gain is realised upon disposal of assets acquired (or deemed to be acquired) after 19 September 1985.

The relevant assets subject to CGT will depend upon your Australian tax residence, but generally include real estate (apart from your main residence), shares and options, units in a trust etc.

If you are permanent resident for tax purposes you will be required to declare the sale of any assets and pay taxes of the profit realised from the sale.

If you have sold any asset during the year please supply the following details:

Details of Transaction Currency: i.e CA$, SAR, US$

Description of the Asset:

Date of Acquisition:

Ownership interest in Asset i.e. 50% self 50% wife:

Purchase Price:

Other purchase costs such as Stamp Duty, Taxes,

Brokerage, Solicitors fees etc.

Any ongoing expenses incurred which have not

received a tax deduction such as Interest, Property

Taxes etc.

Date of Disposal:

Sale Price:

Any cost associated with the sale such as Solicitors

fee, Commission etc.

Net Profit/Loss:

18.2 SPECIAL CAPITAL GAINS (cgt)(If you have applied for permanent residency)

Concessions are available to taxpayers who had assets in a foreign country prior to their arrival in Australia.

In order for you to take advantage of these concessions we would ask that you supply us with the following details. Note: Please disregard if you have supplied this information in a previous return.

List of Assets

Date of arrival / /

Asset particulars

Market value of these assets on arrival

Income Cont..

18.3

If you left Australia permanently during the financial year;

Do you wish to make an election for the deemed disposal rule NOT to apply? ? YES ? NO If you are unsure, please contact Munro Accountants for assistance

18.4

Did you acquire or have you previously acquired shares in the company you are ? YES ? NO working for?

If YES, please provide the following details:

Purchase date:

Number of shares:

Purchase price

(If NIL please insert market value)

19. FOREIGN SOURCED INCOME(Visa 457 Holders Can ignore This)

As a tax resident of Australia you are required to pay tax on worldwide income. Please supply all details of income earned outside of Australia.

19.1 Foreign Source Interest Income

Did you receive any interest income from sources outside Australia? ? YES ? NO

If YES, please complete the following:

' Bank/Credit Union

* Date

Received

Gross Amount

(specify

currency)

Tax

Withheld

(if any)

Expenses

Incurred

(currency)

$A Recd if

Remitted to

Australia

O’ship

T/S/J

1

2

3

4

19.2 Foreign Source Dividend Income

Did you receive dividend income from sources outside Australia? ? YES ? NO

If YES, please complete the following:

Company

Date

Received

Gross Amount

(specify

currency)

Tax

Witheld

(if any)

Expenses

Incurred

(currency)

$A Recd if

Remitted to

Australia

O’ship

T/S/J

1

2

3

4

19.3 Other Foreign Source Income

Do you have any other foreign source of income?

Do you have any other foreign sourced expenses? (eg. Interest on loans) If YES, please provide details:

 

Income Cont..(Visa 457 holders can ignore this if property is outside Australia)

20 RENTAL INCOME – This includes your main residence if it is being rented in your absence.

Did you receive any rental income during the tax year? ? YES ? NO

Was this rental property a foreign owned property? ? YES ? NO

If YES, please complete the following for EACH property. If you own more than one rental property, please photocopy this schedule and attach to the Organiser.

Please supply all details for the relevant period.

20.1 Property Details

Address of Property:

Date property was acquired: / /

Date property became available for rent: / /

Number of weeks property was rented during the financial year:

Ownership: ?T ?S ?J

Is the rental arrangement commercial (ie. not to relatives/friends)? ? YES ? NO

Is the property registered for land tax purposes? (Australian properties only) ? YES ? NO

If NO, do you require our assistance with registration? ? YES ? NO

20.2 Rental Income Details Currency:

Rental income

Other rental related income

Total Income

20.3 Rental Expenditure Details

Advertising for tenants

Bank charges

Body Corporate fees (excluding fees for capital expenditure)

Borrowing expenses (please complete 20.4)

Cleaning

Commissions/Property agent fees

Council rates/municipal taxes or other property tax.

Depreciation (please complete 20.5)

Gardening/lawn mowing

Insurance

Interest on loan to buy property

Land and other property taxes

Legal fees

Pest control

Repairs and maintenance (please specify)

Building write off (please complete 20.6) Australian Asset Only Stationery, telephone and postage

Travel expenses

Water charges

Other (please specify)

Total Expenses

Net Rental Income

Income Cont..

8

20.4 Borrowing Expenses

You may claim a deduction, over a maximum of 5 years, for expenses incurred in borrowing funds to purchase the rental property eg. stamp duty on the mortgage, legal fees for mortgage, valuation fees. If you wish to claim a deduction for these expenses, please complete the following:

Nature of Expense

Date Incurred

Amount

Period of

Loan

1

2

3

4

5

20.5 Depreciation on Rental Property Assets

You may claim depreciation on furniture and fixtures such as carpets, light fittings, curtains, appliances, hot water system and assets used in common property eg. Lifts. If you wish to claim depreciation, please provide the following details.

Description of the Asset

Private

Use %

Addi

tions

Disposals

Date of

Purchase

Purchase

Price

Date of

Disposal

Sale

Price

1

2

3

4

5

6

7

20.6 Special Building Write-Off

Was the rental property or any extension thereto constructed after 17 August 1985 (if

in Australia) or 21 August 1990 (if outside Australia)? ? YES ? NO

If YES, please provide the following details:

Date of construction: / /

Original cost of construction of buildings:

 

 

 

 

 
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