Tax 0910 spreadsheet

Discussion in 'Property Information Resources & Tools' started by bella__, 8th May, 2009.

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  1. bella__

    bella__ Active Member

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    bella submitted a new resource:

    Tax 0910 spreadsheet - Tax 0910 spreadsheet

    Read more about this resource...
     
    Last edited by a moderator: 15th Sep, 2016
    bella__, 8th May, 2009
    #1
  2. BillV

    BillV Well-Known Member

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    bella
    good work, but have 1 question, where did the rental income come from?
     
    BillV, 8th May, 2009
    #2
  3. bella__

    bella__ Active Member

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    The rental income, and the rental expenses are there as an example of how I think it would fit into things.

    I assume when you get rental income during the year you don't pay tax on that income during the year but you wait till you do your tax return. Anything with investment rentals you just save all your receipts (ingoing and outgoing) and add them up at the end of the year.
     
    bella__, 9th May, 2009
    #3
  4. BillV

    BillV Well-Known Member

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    thanks,
    I only asked because I've read somewhere that you don't have any investment properties
     
    BillV, 9th May, 2009
    #4
  5. bella__

    bella__ Active Member

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    all the personal financial data in it is fictional (salary, investments etc.), I have my own copy with all my own data in it, but the tax rates, rules, the way it is calculated and stuff like that are real.
     
    bella__, 9th May, 2009
    #5
  6. bella__

    bella__ Active Member

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    With new budget info: change comment on "Data" sheet, cell E60 from $50,000 to $25,000 which is the new concessional contribution cap for people under age 50.

    "If this is more than $25,000 you should research to make sure you are not hitting the concessional or non-concessional contribution caps."
     
    bella__, 15th May, 2009
    #6
  7. Webster_Jen

    Webster_Jen New Member

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    Thank for this. I haven't used it yet...It looks easy enough to run. The ATO references are a good idea. I have moved countries and now can't use my other spreadsheet as Australia has all sorts of complex rules. Thanks again.
     
    Webster_Jen, 12th Sep, 2009
    #7