Person “Y” Success Story

FBL Consulting Services

Published on: 21 September, 2018 by Foster B. Lee


Person (“Y”) came in to see me from a referral. He had wages and a rental/investment property. He complained that he was paying too much income tax in spite of the fact that his rental/investment property was negatively geared.

I analysed his last personal income tax return, in particular what claims were being made regarding the rental/investment property. Well, I was rather surprised to see what was not claimed!

I handed him my specially designed rental/investment property check-list and instructed Y to go through it, in detail, and gather the missing data/information for me. I advised him that it will be best to amend the income tax return with this additional data that I required. He agreed and diligently prepared for me the missing data.

An amended income tax return was prepared and lodged resulting in a net additional refund of $1285.30. It cost him $275.00 (incl. gst)!! Was he happy or was he happy?



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About Foster B. Lee

Foster is a specialist in aspects of income tax, from the individual to companies and family discretionary and/or unit trusts, bringing together those over thirty (30) years of experience.

He prides himself on quality work at a very value-based fee, meeting the needs of all his clients on a timely, accurate and meaningful basis to protect them. His easy, approachable manner and personalised attention makes all the difference and Foster’s experience in the management of people and their skills is an advantage to you. He genuinely has your interest at heart to maximise your financial/business goals and objectives.

Specially tailored fees can be structured to suit your personal needs and circumstances.