Join our investing community

Tax 0910 spreadsheet 2016-09-15

Tax 0910 spreadsheet

  1. bella

    bella Well-Known Member

    Joined:
    6th Jun, 2007
    Posts:
    48
    Location:
    QLD
    bella submitted a new resource:

    Tax 0910 spreadsheet - Tax 0910 spreadsheet

    Read more about this resource...
     
    Last edited by a moderator: 15th Sep, 2016
  2. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    bella
    good work, but have 1 question, where did the rental income come from?
     
  3. bella

    bella Well-Known Member

    Joined:
    6th Jun, 2007
    Posts:
    48
    Location:
    QLD
    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.
     
  4. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    thanks,
    I only asked because I've read somewhere that you don't have any investment properties
     
  5. bella

    bella Well-Known Member

    Joined:
    6th Jun, 2007
    Posts:
    48
    Location:
    QLD
    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.
     
  6. bella

    bella Well-Known Member

    Joined:
    6th Jun, 2007
    Posts:
    48
    Location:
    QLD
    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."
     
  7. Webster_Jen

    Webster_Jen New Member

    Joined:
    28th Jun, 2008
    Posts:
    1
    Location:
    Sydney, NSW
    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.