Individual Tax Return
Foreign and temporary residents are subject to CGT only on taxable Australian property, such as real estate in Australia and assets used to carry on a busin...
Thu, 7 Dec, 2023 at 12:56 PM
Question: May I know what are these two figures? Answer: Estimated total income, your gross income from all sources less certain deductions, such as e...
Sat, 3 Sep, 2022 at 11:34 AM
Consider the "Resident Tax Rates"
Wed, 28 Sep, 2022 at 9:02 AM
How Tax Estimate is calculated for part-year resident Working Holiday Maker? Lodgeit’s calculation also counts tax for Working Holiday Maker (WHM). If the...
Fri, 9 Sep, 2022 at 10:22 AM
Question: CGT discount on capital gains from Managed Funds is not available. Answer: Please fill “Capital gains – discount method”
Thu, 5 Jan, 2023 at 9:45 AM
Amounts in PSI section should not be negative. It is mandatory for ATO and cannot be avoided. Negative amount can be entered in table item, but only to adju...
Thu, 22 Sep, 2022 at 8:28 AM
For the "Occupation description" not listed or you want it as "other", you can user code 999000 "Occupation not Listed" Curre...
Fri, 5 Apr, 2024 at 7:28 AM
Question: I need to add an amount at IT2, but it doesn't seem that this is possible? Answer: Please update it via Income > Item 1 Salary or Wag...
Thu, 20 Oct, 2022 at 8:11 PM
Question: How to put capital losses in the managed fund section and offset these against capital gains? Answer: Other refundable tax offsets: exploration ...
Wed, 2 Nov, 2022 at 12:29 PM
Question: How can attach the addition information in amended income tax return? Answer: There is a field “Additional Information for the ATO (Other Attachm...
Tue, 1 Nov, 2022 at 6:41 PM