new accountant tax summary report sample - morgans · 2019. 6. 11. · accountant tax summary...

Accountant Tax Summary Report

Tuesday, 31 October 2017 CONFIDENTIAL PAGE 1 This document has been prepared by Morgans Financial Limited in accordance with its Australian Financial Services Licence (AFSL no. 235410). The views expressed herein are solely the views of Morgans Financial Limited. Account Number: 9900001 Portfolio Name: Income Model Portfolio

Income Model Portfolio A/C Number: 9900001 Your Advisor: Morgans Research 01 July 2016 to 30 June 2017 The details provided are based on the portfolio type being recorded as “Individual” for taxation reporting purposes.

Tax Return Reference Amount $ ASSESSABLE INCOME Interest Income Gross Interest: 10L 596 Tax Withheld: 10M 0 Australian Dividend Income Unfranked: 11S 4,087 Franked: 11T 17,203 Franking Credits: 11U 7,372 Tax Withheld: 11V 0 Trust Income Gross Trust Income: 13U Franked Trust Distribution Income: 13C (554) Franking Credits: 13Q Tax Withheld: 13R 0

Tax Return Reference Amount $ CAPITAL GAINS/LOSSES Realised Capital Gains/Losses Total Short Gains: (held < 12 months) 18 17,505 Total Discount Gains : 18 9,631 (Total Long Gains of $19,262 discounted at 50.00%) Total Long Gains (available for discounting): 19,262 Total Indexed Gains: 18 0 Total Realised Losses: 18 914 DEDUCTIBLE EXPENSES (INCL GST) Wealth+ Management Fees: D7I/D8H 0

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Accountant Tax Summary Report 1 July 2016 to 30 June 2017


Income Reconciliation

Interest Income Gross Interest Income: 596.95 Interest on Options Margin: 0.00 Less: TFN/Withholding Tax: 0.00 Total 596.95 Australian Dividend Income Gross Unfranked: 4,087.78 Franked: 17,203.09 Less: TFN/Withholding Tax: 0.00 Total 21,290.87 Trust/Stapled Security Income Gross Franked Amount: Interest or Other: Tax Deferred: 0.00 Tax Free: 0.00 Gross Foreign Income: 0.00 Distributed Capital Gains: 0.00 Other: 0.00 Less: Franking Credits: Foreign Tax Credits: 0.00 TFN/Withholding Tax: 0.00 Total Total Income Received: 19,622.68

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INTEREST INCOME

Amount Gross TFN / Withholding Date Description Received $ Income $ Tax Deducted $ 31/07/2016 Primary CMA Interest 11.48 11.48 31/08/2016 Primary CMA Interest 20.34 20.34 30/09/2016 Primary CMA Interest 100.93 100.93 31/10/2016 Primary CMA Interest 87.57 87.57 30/11/2016 Primary CMA Interest 70.53 70.53 31/12/2016 Primary CMA Interest 20.99 20.99 31/01/2017 Primary CMA Interest 26.44 26.44 28/02/2017 Primary CMA Interest 44.70 44.70 31/03/2017 Primary CMA Interest 46.56 46.56 30/04/2017 Primary CMA Interest 20.28 20.28 31/05/2017 Primary CMA Interest 35.07 35.07 30/06/2017 Primary CMA Interest 112.06 112.06 TOTAL INTEREST INCOME 596.95 596.95

AUSTRALIAN DIVIDEND INCOME

Amount Gross TFN / Withholding Franking LIC Capital Date Security Name Received $ Unfranked $ Tax Deducted $ Franked $ Credits $ Gains (Gross) $ 01/07/2016 ANZ Banking Group Limited FPO 500.80 500.80 214.63 16/09/2016 APA Group Stapled Security ** 573.16 573.16 15/03/2017 APA Group Stapled Security ** 369.50 189.74 179.76 77.04 22/12/2016 AusNet Services Limited FPO 834.68 417.34 417.34 178.86 28/09/2016 Challenger Limited FPO 533.28 533.28 228.55 28/03/2017 Challenger Limited FPO 461.04 461.04 197.59 29/09/2016 Commonwealth Bank of Australia Limited FPO 1,092.24 1,092.24 468.10 04/04/2017 Commonwealth Bank of Australia Limited FPO 1,470.61 1,470.61 630.26 05/04/2017 Inghams Group Limited FPO 183.66 183.66 78.71 04/07/2016 Macquarie Group Limited FPO 1,094.40 656.64 437.76 187.61 14/12/2016 Macquarie Group Limited FPO 739.10 406.51 332.60 142.54 05/07/2016 National Australia Bank Ltd FPO 1,265.22 1,265.22 542.24 13/12/2016 National Australia Bank Ltd FPO 1,413.72 1,413.72 605.88 17/10/2016 Orora Limited FPO 575.60 402.92 172.68 74.01 10/04/2017 Orora Limited FPO 468.10 327.67 140.43 60.18

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AUSTRALIAN DIVIDEND INCOME

Amount Gross TFN / Withholding Franking LIC Capital Date Security Name Received $ Unfranked $ Tax Deducted $ Franked $ Credits $ Gains (Gross) $ 21/09/2016 Suncorp Group Limited FPO 745.56 745.56 319.53 12/08/2016 Sydney Airport Stapled Security ** 583.98 583.98 14/02/2017 Sydney Airport Stapled Security ** 529.82 529.82 04/10/2016 Tatts Group Ltd FPO 556.96 556.96 238.70 03/04/2017 Tatts Group Ltd FPO 661.39 661.39 283.45 23/09/2016 Telstra Corporation Limited FPO 1,223.57 1,223.57 524.39 31/03/2017 Telstra Corporation Limited FPO 1,075.08 1,075.08 460.75 12/08/2016 Transurban Group Stapled Securities ** 104.34 104.34 44.72 10/02/2017 Transurban Group Stapled Securities ** 104.34 104.34 44.72 05/10/2016 Wesfarmers Limited FPO 682.10 682.10 292.33 28/03/2017 Wesfarmers Limited FPO 739.54 739.54 316.95 04/07/2016 Westpac Banking Corporation FPO 1,043.40 1,043.40 447.17 21/12/2016 Westpac Banking Corporation FPO 1,665.68 1,665.68 713.86 TOTAL AUSTRALIAN DIVIDEND INCOME 21,290.87 4,087.78 17,203.09 7,372.75

TRUST INCOME

Distributed Foreign TFN / Amount Franked Interest or Tax Tax Foreign Capital Franking Tax Withholding Date Fund Name Received $ Amount $ Other $ Deferred $ Free $ Income $# Gains $^ Credits $ Credits $+ Tax Deducted $ Other $* 16/09/2016 APA Group Stapled 88.28 Security ** 15/03/2017 APA Group Stapled 420.16 Security ** 13/09/2017 APA Group Stapled 84.64 Security ** Total Tax Components 593.08 07/04/2017 Macquarie Atlas Roads 684.80

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TRUST INCOME

Distributed Foreign TFN / Amount Franked Interest or Tax Tax Foreign Capital Franking Tax Withholding Date Fund Name Received $ Amount $ Other $ Deferred $ Free $ Income $# Gains $^ Credits $ Credits $+ Tax Deducted $ Other $* Group Stapled Securities Total Tax Components 684.80 15/09/2016 Spark Infrastructure 867.39 Group Stapled Security 15/03/2017 Spark Infrastructure 958.30 Group Stapled Security Total Tax Components 1,825.69 12/08/2016 Sydney Airport Stapled 333.27 Security ** 14/02/2017 Sydney Airport Stapled 273.70 Security ** Total Tax Components 606.97 10/02/2017 Transurban Group 640.91 Stapled Securities ** 11/08/2017 Transurban Group 627.21 Stapled Securities ** Total Tax Components 1,268.12 TOTAL INCOME 4,978.66 (388.44) (166.47)

For the Stapled Security, Foreign Income, Distributed Capital Gains, Foreign Tax Credits and Other categories additional information is provided below.

**Stapled Security Income: Additional Information - Annual Tax Statement Reconciliation Stapled Stapled Gross Security Security Imputation Fund Name Distribution$ Distribution$ Dividend$ Credits $ Transurban Group Stapled Securities 1,476.80 1,268.12 208.68 89.43 Sydney Airport Stapled Security 1,720.77 606.97 1,113.80 0.00 APA Group Stapled Security 1,535.74 593.08 942.66 77.04 As stapled securities generally comprise of both a share in a company (or companies) and a unit in a trust(s), a stapled security holder can receive both dividend and unit trust distribution income types. This income is seperately reported in the Australian Dividend and Trust/Stapled Security Income sections above and this additional information table

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**Stapled Security Income: Additional Information - Annual Tax Statement Reconciliation Stapled Stapled Gross Security Security Imputation Fund Name Distribution$ Distribution$ Dividend$ Credits $ provides a reconciliation of the Gross Distribution amounts advised in Annual Tax Statements issued by each Stapled Security provider. Trust / Stapled Security Income: Portfolio Accruals

Trust and Stapled Security distributions declared as assessable income for 30 June period but payable in next financial year TRADE DATE SECURITY NAME DESCRIPTION PAYMENT DATE VALUE $ 30/06/2017 APA Group Stapled Security Dist at $0.030857/unit 13/09/2017 84.64 30/06/2017 Transurban Group Stapled Securities Dist at $0.230000/unit 11/08/2017 627.21 $711.85

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REALISED CAPITAL GAINS / LOSSES

(* CGT discount factor for this account is 50.00%.) Purchase Tax Lot Sale Gross Short Gain Discounted Indexed Pre CGT CGT Code Security Name Date Sale Date Method Quantity Cost Base $ Amount $ Result $ <12 months $ Gain $* Gain $ Gain/Loss $ Loss $ APA APA Group Stapled Security 01/03/2013 25/01/2017 FI 1,017 6,141.16 8,567.21 2,426.05 1,213.03 28/06/2013 25/01/2017 FI 92 550.28 775.01 224.73 112.36 Total for APA 1,109 6,691.44 9,342.22 2,650.78 1,325.39

AST AusNet Services Limited FPO 31/03/2016 30/11/2016 FI 18,970 28,379.12 28,075.60 (303.52) (303.52) Total for AST 18,970 28,379.12 28,075.60 (303.52) (303.52)

CGF Challenger Limited FPO 27/02/2015 26/10/2016 FI 520 3,650.40 5,467.28 1,816.88 908.44 27/02/2015 28/04/2017 FI 234 1,642.68 3,091.37 1,448.69 724.35 Total for CGF 754 5,293.08 8,558.65 3,265.57 1,632.79

ING Inghams Group Limited FPO 30/11/2016 30/05/2017 FI 7,064 22,195.09 23,572.57 1,377.48 1,377.48 Total for ING 7,064 22,195.09 23,572.57 1,377.48 1,377.48

MQA Macquarie Atlas Roads Group Stapled Securities 30/09/2015 31/08/2016 FI 1,405 5,201.87 7,793.53 2,591.66 2,591.66 30/10/2015 31/08/2016 FI 2,630 10,272.78 14,588.61 4,315.83 4,315.83 31/12/2015 31/08/2016 FI 1,287 5,139.51 7,138.99 1,999.48 1,999.48 26/10/2016 30/05/2017 FI 2,100 9,918.30 12,198.90 2,280.60 2,280.60 Total for MQA 7,422 30,532.46 41,720.03 11,187.57 11,187.57

MQG Macquarie Group Limited FPO 30/09/2015 26/10/2016 FI 134 10,240.08 10,888.30 648.23 324.11 30/09/2015 28/04/2017 FI 67 5,120.04 6,214.99 1,094.95 547.47 Total for MQG 201 15,360.12 17,103.29 1,743.18 871.58

ORA Orora Limited FPO 29/01/2016 25/01/2017 FI 2,150 4,719.25 6,286.60 1,567.35 1,567.35 Total for ORA 2,150 4,719.25 6,286.60 1,567.35 1,567.35

SUN Suncorp Group Limited FPO

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REALISED CAPITAL GAINS / LOSSES

(* CGT discount factor for this account is 50.00%.) Purchase Tax Lot Sale Gross Short Gain Discounted Indexed Pre CGT CGT Code Security Name Date Sale Date Method Quantity Cost Base $ Amount $ Result $ <12 months $ Gain $* Gain $ Gain/Loss $ Loss $ 30/09/2013 28/07/2016 FI 424 5,541.68 5,673.97 132.29 66.14 30/09/2013 31/08/2016 FI 208 2,718.56 2,642.64 (75.92) (75.92) 30/04/2015 31/08/2016 FI 381 4,996.81 4,840.60 (156.21) (156.21) 30/10/2015 31/08/2016 FI 930 12,194.25 11,815.65 (378.60) (378.60) 29/02/2016 31/08/2016 FI 443 4,998.37 5,628.31 629.95 629.95 Total for SUN 2,386 30,449.67 30,601.17 151.51 629.95 66.14 (610.73)

SYD Sydney Airport Stapled Security 13/08/2010 31/08/2016 FI 1,093 2,312.42 7,959.23 5,646.80 2,823.40 13/08/2010 28/04/2017 FI 451 954.17 3,098.82 2,144.66 1,072.33 Total for SYD 1,544 3,266.59 11,058.05 7,791.46 3,895.73

TCL Transurban Group Stapled Securities 28/02/2014 28/04/2017 FI 254 1,687.60 3,092.70 1,405.10 702.55 Total for TCL 254 1,687.60 3,092.70 1,405.10 702.55

TLS Telstra Corporation Limited FPO 03/05/2011 31/08/2016 FI 958 2,768.62 5,042.91 2,274.29 1,137.15 Total for TLS 958 2,768.62 5,042.91 2,274.29 1,137.15

TTS Tatts Group Ltd FPO 16/05/2016 12/05/2017 FI 6,962 27,444.20 30,187.23 2,743.03 2,743.03 Total for TTS 6,962 27,444.20 30,187.23 2,743.03 2,743.03

TOTALS 178,787.24 214,641.02 35,853.80 17,505.38 9,631.33 (914.25)

Sale Gross Short Gain Discounted Indexed Pre CGT CGT Cost Base Amount Result <12 months Gain* Gain Gain/Loss Loss GRAND TOTALS ALL REALISED CAPITAL GAINS/LOSSES 178,787.24 214,641.02 35,853.80 17,505.38 9,631.33 (914.25)

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PORTFOLIO ASSET POSITION AS AT 30 June 2017 Closing Security Cost Base $ Price $ as at Market Value $ Code Quantity 30/06/17 Average Cost $ 30/06/2017 30/06/17 Australian Equities APA APA Group Stapled Security 2,743.00 19,830.86 7.23 9.17 25,153.31 CGF Challenger Limited FPO 2,478.00 17,612.05 7.11 13.34 33,056.52 CBA Commonwealth Bank of Australia Limited FPO 739.00 57,824.29 78.25 82.81 61,196.59 IPH IPH Limited FPO 4,427.00 21,599.33 4.88 4.80 21,249.60 MQA Macquarie Atlas Roads Group Stapled Securities 4,748.00 22,465.65 4.73 5.61 26,636.28 MQG Macquarie Group Limited FPO 322.00 24,406.61 75.80 88.50 28,497.00 NAB National Australia Bank Ltd FPO 2,026.00 55,070.71 27.18 29.59 59,949.34 ORA Orora Limited FPO 9,362.00 20,549.59 2.20 2.86 26,775.32 SKI Spark Infrastructure Group Stapled Security 13,218.00 30,937.89 2.34 2.62 34,631.16 SYD Sydney Airport Stapled Security 4,571.00 15,137.25 3.31 7.09 32,408.39 TLS Telstra Corporation Limited FPO 8,409.00 29,606.48 3.52 4.30 36,158.70 TCL Transurban Group Stapled Securities 2,727.00 18,299.14 6.71 11.85 32,314.95 WES Wesfarmers Limited FPO 718.00 27,608.33 38.45 40.12 28,806.16 WBC Westpac Banking Corporation FPO 1,949.00 57,647.51 29.58 30.51 59,463.99 Sub Total Australian Equities 418,595.68 506,297.31 Cash Macquarie Cash Management A/C 0.00 96,269.52 0.00 0.00 96,269.52 Sub Total Cash 96,269.52 96,269.52 Total Portfolio Assets 514,865.20 602,566.83

The closing cost base details in the above Portfolio Asset Position table are the adjusted cost bases as at the end of the Financial Year. These cost bases have been reduced by any returns of capital or tax deferred components of distributions deemed to have been received up to and including this Financial Year. Details of tax deferred components for the distributions deemed to have been received in the current Financial Year are shown in the Trust/Stapled Security Income table. Sam

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Dividends Declared (Information Only)

Dividends declared prior to 30 June but payable after 30 June TRADE DATE SECURITY NAME DESCRIPTION PAYMENT DATE VALUE $ 16/05/2017 Macquarie Group Limited FPO Dividend at $2.800000/share 03/07/2017 901.60 16/05/2017 National Australia Bank Ltd FPO Dividend at $0.990000/share 05/07/2017 2,005.74 18/05/2017 Westpac Banking Corporation FPO Dividend at $0.940000/share 04/07/2017 1,832.06 $4,739.40

The above table of dividend transactions are provided for information purposes only and are not assessable income in the current financial year and do not appear in the Australian Dividend Income section of this report. These will be reported as assessable income in the following financial year report.

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CORPORATE ACTIONS – PROCESSED DURING THE 2016/2017 FINANCIAL YEAR

Telstra Corporation Limited (TLS) ATO has released Class Ruling CR 2016/72. Telstra Corporation Limited (TLS) conducted an Off-Market Share Buy-Back for shareholders who held their shares on the record date of 19 August 2016. The final Buy-Back price was $4.43 per share, comprising: - $2.65 per share dividend, fully franked; and - $1.78 per share capital component The total market value of the Buy-Back was calculated to be $5.35 per share comprising of the above two components, plus $0.92 per share, being the amount by which the market value of the Buy-Back exceeded the Buy-Back price. Capital Proceeds A CGT event occurred on 03 October 2016 and the deemed capital proceeds were $2.70 per share ($5.35 market value less $2.65 dividend component). A TLS shareholder who accepted the Buy-Back made a capital gain to the extent that the amount of the capital proceeds exceeded their cost base. Similarly, a shareholder made a capital loss if this amount was less than their reduced cost base. Dividend Component A TLS shareholder who accepted the Buy-Back received a fully franked dividend of $2.65 per share on 10 October 2016.

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ADDITIONAL INFORMATION

Tax Lot Methods – Realised Capital Gains and Losses FI = First In First Out LI = Last In First Out MI = Minimum Gain and Maximum Loss Method (“Min Tax”) MX = Maximum Gain and Minimum Loss Method (“Max Tax”) SP = Lot Specific Method where a specific parcel of shares already held has been allocated against a specific sale Unless one of the above alternative methods is requested by your Morgans adviser, First In First Out is the default method used. Please refer to the Realised Capital Gains / Losses section of this report for details of the tax lot method used for a particular sale transaction. GS007 Audit Report A completed GS007 Audit Report for the financial year prepared by our Auditors, Pitcher Partners, is once again available for third parties who wish to verify the accuracy of the processes that the Wealth+ Managed Portfolio Service undertakes in preparing your report. A copy of this report can be obtained by contacting your Morgans adviser

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DISCLAIMER In producing this report, Morgans Financial has relied on information supplied by you the client in the first instance and other sources which we believe to be reliable. Where possible, Morgans Financial has attempted to verify the accuracy and completeness of the third party information supplied to us. Morgans Financial, it's directors and employees do not accept any liability for any actions taken or not taken which are a result of inaccuracies or omissions in the report as a result of third party errors or omissions. Morgans Financial is not a licensed tax adviser and the information provided in this report is general information only and therefore we recommend that you seek your own tax advice before acting or relying on the information enclosed in this report. You may also wish to refer to the ATO tax pack and the ATO guide to capital gains. The information provided in this report is on the basis that you are an Australian resident for tax purposes and any trading is on capital account. The tax report only incorporates details of the investments which Morgans Financial administers within the Wealth+ managed portfolio service. This report incorporates all transactions that were transacted through Wealth+ between 01 Jul 2016 and 30 Jun 2017 Australian Time.

E&OE END OF REPORT

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new accountant tax summary report sample - morgans · 2019. 6. 11. · accountant tax summary...

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