Pre-filling 2008

Important information

The Pre-filling report 2008 may display messages indicating:

• details of a rental property that was sold or transferred and may be subject to capital gains tax
• an investment may be affected by a class ruling and subject to capital gains
• your client has a repayable balance for higher education loan schemes (HELS) and Student Financial Supplement Scheme (SFSS)
• source of income declared in the 2007 income tax return may need to be reported again, for example
• dividend income
• partnership and trust income
• personal services income
• net income or loss from a business
• foreign entities
• foreign source income
• rental income (conditions apply*).

* A rental income message appears if your client had rental income but no capital gains tax in 2007. The message does not appear if your client had rental income and some capital gains in 2007.

We did not want to display this message for taxpayers who were compliant in 2007 if they had part year rental income and declared the disposal of the rental property.

It is acknowledged that the capital gains reported in 2007 could have been due to the disposal of another asset, such as shares, however the messages are intended as prompts only and you should always check your client's records.

Sections within Pre-filling report 2008 contents

• Taxpayer personal details
• Important information
• PAYG payment summaries
• Government payments
• Interest income
• Dividend income
• Managed funds distributions
• Deductions
• Family tax benefit claim status
• Baby bonus
• Medicare details
• Private health insurance