As above, with buying 2 properties as IP, Thought I would get more
Here is some basic figures.
1st job tax paid 2925.00 Salary 11631.00
2nd job tax paid 17301.00 Salary 66576.00
Rental Income 7992.00
Total 86199
This what the account came up.
Taxable Income $57,130.00
Tax Payable $12,489.00
Plus
Medicare Levy, including Surcharge where applicable 856.95
Less
Tax Instalments deducted $20,226.00
Net Tax Refund for 2006/2007 $6,880.05
Hope was getting at least 10k, am I greedy? Account charged around 3k to do return, mainly to do with me not having everything prepared. Sent them down folders for each property.
Cheers
Here is some basic figures.
1st job tax paid 2925.00 Salary 11631.00
2nd job tax paid 17301.00 Salary 66576.00
Rental Income 7992.00
Total 86199
This what the account came up.
Taxable Income $57,130.00
Tax Payable $12,489.00
Plus
Medicare Levy, including Surcharge where applicable 856.95
Less
Tax Instalments deducted $20,226.00
Net Tax Refund for 2006/2007 $6,880.05
Hope was getting at least 10k, am I greedy? Account charged around 3k to do return, mainly to do with me not having everything prepared. Sent them down folders for each property.
Cheers