CHECKLIST

What you need for your individual tax return

The following information is of a general nature only. It is included for your assistance, but it is not specific tax advice.

We suggest you print this page and highlight the parts relating to you.

You will need:

All PAYG Summaries, Centrelink benefit statements and employment termination payments.
All interest received or credited to your account—including accounts jointly held or as trustee.
Dividend statements including dividend re-investments (DRP), managed investment fund annual taxation summaries (these may not issue until August), and insurance bond withdrawal statements.
Details of any taxable share of income from partnerships, trusts or trust estates, whether received or not.
For work-related use of motor vehicle, either:
- a list of kilometres travelled—usually evidence such as diary entries; or
- a log book, plus details of running expenses, ie fuel, repairs, registration, insurance, etc.
a list of work-related deductions, eg compulsory or registered uniforms, protective clothing, self education expenses, union fees, tools, stationery, etc. You need to have receipts if the total of these expenses is over $300. Car expenses and some specific expenses related to allowances are excluded from the $300.
Income protection insurance premiums.
Medical expenses if the net “out of pocket” total exceeds $2,000. (Include doctors, dentists, chemists, hospitals, opticians, referred physiotherapists, etc.)
A list of charity donations over $2.00 each. Do not include the cost of art union tickets.
If you have private health insurance, the annual tax offset shown on the membership statement.
- If all your dependants were not covered by private hospital health insurance for the full year, then you will need your spouse’s “income for surcharge purposes”. (You will need your spouse’s income from all sources whether taxable or not, and any reportable superannuation and lump-sum superannuation information. See the section titled Dependant Spouse Offset below.)
Rental property expenses:
- gross rent received, loan interest paid (in relation to the property only. Exclude any private portion).
- expenses paid, eg rates, insurance, repairs, etc., plus car kilometres for rent collections/inspections.
If the property is new this financial year:
- The market value (not replacement value), at time of purchase, of any capital items included in the purchase of the property, eg carpets and floor coverings, hot water systems, stoves, curtains, light fittings and furniture.
Full documentation of any property, or shares, etc., that were acquired or disposed of during the year.

Education expense offset for school children

To be eligible, your family must be eligible for Family Tax Benefit Part A for the child, unless excluded because a social security pension or benefit or another government benefit was paid for the child.
Eligible expenses must be incurred during a half-year period when your child was enrolled and attended at least one day of school
The member of the family receiving Family Tax Benefit Part A must make the claim.
You must have a record of the eligible expenses, eg
- texts, books, stationery, computer and computer-related expenses, internet expense etc., to the extent these relate to your child/children’s education.
the name, date of birth and taxable income of each child.
If care of a child was shared with someone not residing with you at June 30 this year:
- the shared-care percentage.

Dependant Spouse Offset

This only applies if your spouse is NOT eligible for Part B of the Family Tax Benefit, or you have no dependent children. To claim the offset, you will need your spouse’s adjusted taxable income. To work this out you require the following information regarding your spouse:

taxable income,
reportable fringe benefits,
reportable super contributions,
net investment losses,
tax-free pensions and benefits,
exempt foreign income, and
the amount of child support/maintenance—if any—paid out.