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FAQ's

  • What are the tax rates for the 2009-2010 financial year?
    • $0 - $6,000Nil
      $6,001 - $35,00015c for each $1 over $6,000
      $35,001 - $80,000$4,350 plus 30c for each $1 over $35,000
      $80,001 - $180,000$17,850 plus 38c for each $1 over $80,000
      Over $180,001$55,850 plus 45c for each $1 over $180,000
  • When do I need to lodge my tax return?
    • You have from 1 July to 31 October to lodge your tax return unless it is prepared by a registered tax agent.  If you cannot lodge your tax return by 31 October, phone the ATO on 13 28 61 as soon as possible (before 31 October) to find out if you can lodge at a later date.

      The ATO may apply a failure to lodge on time penalty if you lodge your tax return late. However, their policy is not to apply a penalty if your tax return:

      • is lodged voluntarily, and
      • does not result in any tax payable

      They are likely to apply a penalty if:

      • you have more than one tax return outstanding
      • you have a poor lodgment history, or
      • you have not complied with a request to lodge your tax return.
  • What are the tax rates for the 2008-2009 financial year?
    • $0 - $6,000Nil
      $6,001 - $34,00015c for each $1 over $6,000
      $34,001 - $80,000$4,200 plus 30c for each $1 over $34,000
      $80,001 - $180,000$18,000 plus 40c for each $1 over $80,000
      Over $180,001$58,000 plus 45c for each $1 over $180,000
  • When should I declare my tax file number?
    • Every time you start with an employer you need to declare your Tax File Number (TFN). You also need to advise your Bank of your TFN so as not to incur withholding tax.

  • How do I get my investment property valued in order to claim the depreciation and building cost write-off?

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