H & R BLOCK STATEMENT OF
RENTAL INCOME
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Taxpayer’s name Tina WARD |
TFN 355 823 543 |
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Taxpayer’s name Angela WARD |
TFN _
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58 Redlands Grove Enoggera QLD 4051 |
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Is
property jointly owned? |
Yes |
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Date of construction:
30.06.06 |
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Rental income |
$13,520 |
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Date acquired: 01.07.06 |
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Other rental-related income |
$ |
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Date first available for
rental: 01.07.06 |
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Transfer taxpayer’s share to
return: |
$6760 |
No. of weeks rented: 42w |
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EXPENSES |
Partly deductible |
Fully deductible |
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INTEREST EXPENSES |
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8575 |
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Less % PERSONAL |
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INTEREST DEDUCTION |
+ |
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Transfer taxpayer’s
share to return $8575 |
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OTHER RENTAL EXPENSES |
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Advertising |
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Bank
fees (mortgage) |
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Bank
fees (agent) |
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Borrowing
expenses |
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175 |
Balance remaining at |
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Cleaning |
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Commission
& management fees |
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439 |
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Cost
write off (capital works) |
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2313 |
4% or 2.5% of $185,000 Constr. date 30.06.06 |
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Depreciation |
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1433 |
D6 LVP: |
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Electricity |
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Garden-yardwork |
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Insurance
(116+366) x 50% |
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241 |
Mortgage
protection insurance is only deductible if it is a one-off borrowing expense
to protect the bank. |
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Land tax |
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Lease
expenses |
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65 |
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Legal
& accounting |
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Office
supplies |
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Repairs |
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Carpentry |
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Electrical |
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Painting/decorating |
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Plumbing/roofing |
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Other |
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Replacements |
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Strata
title fees |
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Telephone |
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Travel |
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Rates
(Council) |
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570 |
Paid to: |
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Rates
(Water) |
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243 |
Paid to: |
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Sundry
expenses |
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Statement fees |
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GST |
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TOTAL OTHER EXPENSES |
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Less % PERSONAL |
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OTHER RENTAL DEDUCTIONS |
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3166 |
Transfer taxpayer’s
share to return $3166 |
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OTHER INFORMATION |
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Note: all income and expense records must be kept
for five years |
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