Rental Property - Tax Return Schedule

Looking for a convenient way to submit your rental property income & expenses for your tax return?

SORTED ! - Please complete the form below to submit rental property information to Warnock Accounting for the purpose of Warnock Accounting preparing your Income Tax Return.

Your First Name

Your Surname

Your Email

Phone Number

RENTAL PROPERTY SCHEDULE

1. General details

Tax year (financial year ending June 30)?

Enter the tax year (financial year) you are completing this questionanaire for.

Rental Property Address (Street Address)

Enter rental property address - street details

Rental Property Address (Suburb & Postcode)

Enter rental property address - suburb & postcode

Rental Property Address (State/Country)

Enter rental property address - state/country

Date on which 1st Rental Income Received

Date when rental income first owned since property ownership

Number of weeks Property was Rented for the financial year

Number of weeks out of 52 weeks that property was rented during financial year

The number of weeks the property was available for rent this year

Has the loan for the property been renegotiated this year?

Yes No

2. Property Ownership

Name of Owner 1

Owner 1 - Percentage owned %

Name of Owner 2 (if applicable)

Only enter if more than 1 owner

Owner 2 - Percentage owned %

Only enter if more than 1 owner

Name of Owner 3 (if applicable)

Only enter if more than 2 owners

Owner 3 - Percentage owned %

Only enter if more than 2 owners

3. Property Purchase Details

Property Purchase Date

Enter Contract of Sale date (not Settlement date)

Property Purchase Amount

4. Property Sale Details

Complete if the property has been sold during the financial year?

Property Sale Date

Enter the Contract of Sale Date (not settlement date)

Property Sale Amount

5. INCOME

Rent Received

Other Income

6. EXPENSES

Has a property tax depreciation report been prepared for this property?

Yes No Not sure

Advertising for Tenants

Body Corporate Fees

Borrowing Costs + Loan Establishment Fees

Capital Works Allowances

Cleaning Costs

Council Rates

Depreciation - Fixtures & Fittings

Gardening & Lawn Mowing

Insurance

Interest on Loans

Land Tax

Legal Fees + Leasing Costs

Pest Control

Property Agent Fees

Repairs & Maintenance (NO IMPROVEMENTS)

Stationary, Telephone & Postage

Travel Costs

Water Rates + Water Usage

Sundry Rental Expenses

Any other expenses?

Any other information?

Email Duncan Warnock CPA directly at duncan@warnockaccounting.com.au should you need any additional help with this form.

Taxpayer Evidence Requirements

NOTE: Please note that for those expenses mentioned above, you must have a valid receipt or other documentation accepted by the Australian Taxation Office.

Refer to the paragraph below titled 'Keeping your tax records' for further information on Australian Tax Office evidence requirements.

Keeping your tax records

Generally, an individual taxpayer must keep your written evidence for five years from the date you lodge your tax return. The Australian tax system relies on taxpayers self-assessing. This means that you are responsible for working out how much you can declare and claim on your tax return. You also need to be able to show how you arrived at these figures – in some cases you may be required to provide written evidence.

In order to prepare an accurate tax return and support the claims you make, you need to keep careful records. The records you need to keep depend on your personal circumstances. If you are not sure, it is better to keep too many records than not enough. Refer to the Australian Tax Office website http://www.ato.gov.au/ for further details.

Authorisation

I authorise Warnock Accounting to prepare a rental schedule within my tax return for the tax year I have nominated using the information in this form submission.

I agree

Email address