Here's the 2011 ITWV Application link.
You can either lodge it electronically online or download the pdf and post it snail mail.
You can either lodge it electronically online or download the pdf and post it snail mail.
Follow along with the video below to see how to install our site as a web app on your home screen.
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$90! Do you have anything else besides an IP?
I think our accountants charge about $190.oo for the ITWV if required
I started doing this is the current financial year.
Do I have to do anything now if nothing has changed? Or does it just roll over and continue into next financial year?
Thanks Rixter. I just did the new one online.
Yes its very simple.....enter all your income. enter all expenses and send it off.
We do ours online....last year I had my variation letter back from them in 8 days including the snail mail postage time from Qld.
I use this years incomes & expenses to keep it on the conservative side. So any expenses increases (a dead set certainty) will be a bonus.
I was thinking of just getting the big tax return at the end of the year but this makes more sense to me doing it this way. To reduce your tax fortnightly.
I have a excell workbook.
Each IP has its own sheet in the book.
I input the weekly rents & annual expenses for each IP onto the respective IP sheets.
The book calculates its all into the corresponding boxes on a final sheet that is identical to the last page (Section F) on the ITWV form.
I then input that into the ITWV application form.
Thanks Rixter,
Any chance of a copy of the spreadsheet - it sounds very useful!
Cheers
Neil