PAYG Withholding Variation – PAYG Withholding Variation Form

PAYG Withholding Variation 2024

Your Details
Employer Details
Rental Properties
Annual Income
Deductions
Payment

Your Details

Please provide your personal and contact information as requested below.

Before you start: Please note, the figure you insert for rental income and for the various tax deductions needs to be for your share of ownership for the percentage of the year the property is available for rent e.g. if interest is say $40,000 and you are 50% owner, you would insert half i.e. $20,000. Then if the property was only available for 9 months of the year (not the full 12 months), you would apportion the $20,000 down to $14,794 (270 days divided by 365 days)

Title

Mrs

Miss

Other

Given Name(s)

Middle Name

Last Name

Date of Birth (DD/MM/YYYY)

Tax File Number

Address

Address Line 1

Address Line 2

City

Post Code

State

Phone

Are you an Australian resident for tax purposes?

Yes

Employer Details

Enter your current employer’s information to help us verify your employment.

Employer Name

Australian business number (ABN) or withholding payer number (WPN)

Payer Address

Address Line 1

Address Line 2

City

Post Code

State

Office Phone

Payroll ID (If available)

Income details

Please enter details for the financial year being claimed. The income figure declared is after deducting salary sacrifice (if any).

Gross amount per pay

Total tax withdeld per pay

Gross pay received since 1 July

Tax withheld since 1 July

Pay Frequency

Date of last pay

Dates of next pay

Rental details

List any investment or rental properties you own, along with relevant details.

How many rental properties do you have?

Property 1

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 2

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 3

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 4

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 5

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 6

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 7

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 8

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 9

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Property 10

How many people own this property?

Owner 1: Full name on the title deed

Owner 2: Full name on the title deed

Property Address

Address Line 1

Address Line 2

City

Post Code

State

Available for rent

Repeat variations just need to insert 1st July each year. First/ initial variations just need to insert settlement date or handover date.

Available for rent from

Until

Is this property under construction?

Yes

Date you purchased the property (Approximately)

Year building constructed

Percentage owned

Annual Income

Report your yearly income from all sources for this financial period. The income figure declared is after deducting salary sacrifice (if any).

Important Note: The figure you insert for rental income and for the various tax deductions needs to be for your share of ownership for the percentage of the year the property is available for rent e.g. if interest is say $40,000 and you are 50% owner, you would insert half i.e. $20,000. Then if the property was only available for 9 months of the year (not the full 12 months), you would apportion the $20,000 down to $14,794 (270 days divided by 365 days)

Total gross annual salary including overtime

Total gross annual rent collected

Annual Deductions

Share information about any allowable deductions you wish to claim for the current financial year. For the future year being claimed only.

Interest

Rates and insurance

Agents commission and management fees

Repairs

Other Expenses

$1,800 is suggested. We find this an accurate and acceptable amount for our purposes. For Explanation, you can write 20% Borrowing Costs / Miscellaneous items.

Other Expenses

Other Expense Explanation

Capital Works & Depreciation

Enter the amounts for capital works and depreciation using figures for the current financial year only from your depreciation report.

Need a depreciation report? Click here for a quick accurate estimate of your figures. Here, you can also order your full formal depreciation report to give to your accountant at tax time.

Capital Works: Decline in value of the building only for the current financial year.

Decline in value of depreciating asset: Depreciation of the plant and equipment for the current financial year.

Capital works

Decline in value of depreciating asset

Payment

Payment Summary

PAYG withholding variation application $125.00

Cardholder Name

Payment Method

Pay with Card (Stripe)

Pay with PayPal

Pay with Card (Stripe)