Rental Properties – Tips for managing capital gains

1. Include all the elements of the cost base A capital gain is the difference between the capital proceeds (sale price) and the cost base (purchase price plus capital costs). Basically, the higher your cost base, the lower your capital gain. So make sure you include all the elements of the cost base, including: Purchase … Read more

Personal Tax Return Prices

Standard fees Standard return from $176 Employees with deductions and minor investments (<5 dividends). Complex return from $231 The higher rate will apply for the following: Rental property schedule.  Add $55 for each additional schedule.  For joint properties we only charge this fee per property, not per owner. Motor vehicle claim using the log book … Read more

Taxation statistics 2008-09

Preface Welcome to the latest edition of Taxation statistics, the ATO’s most comprehensive statistical publication. The publication is a thorough and detailed collection of data compiled from information provided to the ATO via tax returns for the 2008-09 income year and other information such as GST annual returns and business activity statements reported for the … Read more