Tax Return 2025–26
💰 Tax Calculation Summary
Gross Income
$NaN
Total Deductions
$55,847.00
Taxable Income
$NaN
✅ Estimated Refund
$51,800.00
| Employment Income | $NaN |
| Less: Deductions | |
| Property Expenses (2/3 allocation) | ($39,600.00) |
| Business & Work Expenses | ($16,247.00) |
| Taxable Income | $NaN |
| Estimated Tax (47% bracket) | $0.00 |
| Less: Tax Withheld (PAYG) | ($51,800.00) |
🏠 Investment Property: 1507/477 Boundary Street, Fortitude Valley QLD 4006
Total Bedrooms
3
Rental Bedrooms
2
Deduction Allocation
67%
Mortgage Balance
$981,863.73
Property Expenses & Deductions
| Category | Annual Amount | Deductible (2/3) |
|---|---|---|
| Mortgage Interest | $45,000.00 | $30,000.00 |
| Council Rates | $3,200.00 | $2,133.33 |
| Insurance | $1,800.00 | $1,200.00 |
| Utilities | $2,400.00 | $1,600.00 |
| Maintenance & Repairs | $2,800.00 | $1,866.67 |
| Property Management | $4,200.00 | $2,800.00 |
| Total Deductible | $59,400.00 | $39,600.00 |
💼 Income Sources
Capgemini Australia (salary + superannuation)
employment
$185,000.00
PAYG: $42,500.00
Digital Response (consulting)
employment
$35,000.00
PAYG: $8,050.00
Ghostfolio portfolio (dividends + interest)
investment
$12,500.00
PAYG: $1,250.00
📋 Deductions Breakdown
Other Deductions
Work-from-home deduction (67¢/hour method)
1 document
$697.00
Work-related vehicle expenses (LKV)
8 documents
$4,200.00
Professional tools (Adobe, SaneBox, GitHub, Sumo)
12 documents
$3,850.00
Computer equipment, camera, office supplies
18 documents
$5,400.00
Training, conferences, certifications
6 documents
$2,100.00
📎 Linked Documents (SharePoint)
No linked documents found. Ensure SharePoint API is configured.
✅ Next Steps
- Verify employment income from PAYG summary (cross-check with payslips)
- Gather Frollo transaction export for accurate mortgage interest and expense tracking
- Confirm rental income amount from housemate agreements
- Collect all property expense receipts and categorize
- Calculate depreciation on improvements (2024-2025)
- Finalize work-from-home hours and business deductions
- Prepare for accountant lodgement by August 2026