Tax Deductions Year to 31/3/2001
Further to our newsletter on the 5th of this month we now have the unaudited tax loss figures for the four partnerships below.
As it will still be a few weeks before we can send out copies of the audited financial statements and your Tax Deduction Certificates, we thought we would give you this information right away in case you want to file your tax return sooner rather than later.
Please note however that these figures are unaudited, so could change. In the past they have not done so but it is always possible.
|Partnership||Per unit Tax Loss||Resident Withholding Tax per unit|
|Amuri Hills Forest Partnership
|Six Hills Forest Partnership
|Insignis Forest Partnership
|Triple Ridge Forest Partnership||$1,975.35||$1.71|
So to calculate how much you can take off tour taxable income for the year ended 31 March 2001, you just multiply the tax loss figure for your Partnership by the number of units you own.
For example, below is a chart giving the figures for the typical unit holdings for each, together with a calculation of the tax saved or to be refunded:
|Partnership||Units held||Total Tax Loss||Tax Saved at Marginal Rate|
|Amuri Hills||2||$ 407.34||$ 98||$ 134||$ 159|
|Six Hills||2||$ 824.84||$198||$ 272||$ 322|
|Insignis||1||$ 613.77||$147||$ 203||$ 239|
You may note some important facts about these figures:
PS: In the last newsletter I wrote about Carbon Credits & the Demise of Fletcher Forests. Some clients will not agree with my views on these and other matters. I should have made it clear that they are my opinion and not necessarily those of Warren Forestry Ltd. However if you do not agree with me, please feel free to debate the matter - my email is email@example.com. But be warned, I am a member of the 'Society for the Investigation of Claims of the Paranormal', otherwise known as The Skeptics Society!