TaxPack 2003

What is TaxPack?

TaxPack is a print publication designed to help you to complete your individual income tax return. TaxPack is divided into two parts:

• TaxPack 2003 with the 2003 tax return for individuals
• TaxPack 2003 supplement with the 2003 tax return for individuals (supplementary section)

If you are an Australian resident and a retiree, you may be eligible to use Retirees TaxPack 2003.

Your options for completing and lodging your tax return include:

• e-tax (internet lodgment)
• TaxPack 2003 (paper lodgment)
• registered tax agent

Do I need the TaxPack 2003 supplement?

Can I use the Retirees TaxPack 2003?

TaxPack 2003 information

While TaxPack is designed to help individuals to complete income tax returns, many people also use it as a basic reference to the Australian tax system. The information in TaxPack has been rewritten into a series of web pages and published across this site.

You can search or browse the site to find general information about:

• income you must declare
• deductions and tax offsets you are entitled to claim, and
• tax rates and calculations.

If you would prefer to download TaxPack 2003 in portable document format (pdf), refer to the list of download files.

Do I need the TaxPack 2003 supplement?

The majority of taxpayers can lodge their returns using TaxPack 2003 alone. You will also require the TaxPack 2003 supplement if you have:

• income or a loss from
• a partnership or trust
• personal services income
• a business
• a deferred non-commercial business loss
• a net farm management deposit or withdrawal
• a capital gain
• a foreign entity
• rent
• a bonus from a life insurance company or friendly society
• foreign sources, or foreign assets or property
• an amount on which family trust distribution tax has been paid
• an amount on which ultimate beneficiary non-disclosure tax has been paid
• certain other income, such as scholarships, royalties and benefits from an employee share scheme
• deductions for
• project pool
• investment in the Australian film industry
• undeducted purchase price of a foreign pension or annuity
• non-employer sponsored superannuation contributions
• certain other deductions, such as election expenses, sickness and accident insurance premiums, and foreign exchange losses
• tax offsets for
• superannuation contributions on behalf of your spouse
• zone or overseas forces
• net medical expenses over a specified limit
• parent, spouse's parent or invalid relative
• landcare and water facility
• heritage conservation work
• interest from government securities issued before 1 November 1968
• interest from the land transport facilities tax offset scheme or infrastructure borrowings scheme
• credit for early payments or overpayments of tax
• adjustments for amounts on which:
• family trust distribution tax has been paid
• ultimate beneficiary non-disclosure tax was payable.

Note that if you are using TaxPack 2003 supplement, you must also use TaxPack 2003 to complete all of your tax return.

Can I use Retirees TaxPack 2003?

You are eligible to use Retirees TaxPack 2003 to fill in your tax return if:

• you were an Australian resident for tax purposes from 1 July 2002 to 30 June 2003 and
• you had no dependants other than a spouse during the period 1 July 2002 to 30 June 2003 and
• all of your tax affairs are covered by the questions in Retirees TaxPack 2003 as listed below:
• income
• Commonwealth of Australia government pensions and allowances
• dividends-not including distributions made by a corporate limited partnership and deemed dividends from a private company
• foreign source pension or annuity income
• gross interest
• other Australian pensions or annuities-including superannuation pensions
• salary, wages, allowances, earnings etc
• total reportable fringe benefits amounts
• capital gains - not including distributions of capital gains by a trust or managed investment fund
• deductions
• cost of managing tax affairs
• deductible amount of undeducted purchase price of an Australian pension or annuity
• deductible amount of undeducted purchase price of a foreign pension or annuity
• subscriptions
• gifts or donations
• interest and dividend deductions
• tax offsets
• senior Australians
• spouse-married or de facto
• superannuation annuity and pension
• private health insurance
• net medical expenses over a specified limit
• private health insurance policy details
   
• Medicare levy related items

If you plan to claim the family tax benefit (FTB) through the tax system you should use TaxPack 2003.