Looking for an easy and convenient way to do your tax return? Try e-tax - available free from the Tax Office website.
You can use e-tax to:
- prepare your tax return electronically in a secure online environment
- calculate items such as your net capital gain
- work out your tax refund or tax debt.
e-tax is available from 1 July 2005.
Tax returns lodged using e-tax are usually processed in 14 days.
If you use a capital asset, such as a car or machinery, in earning your income, you may be able to claim a deduction for the cost of that asset, spread over its effective life. NAT 1996-6.2005.