So I recently received my notice of assessment and found I received a return on my tax. But I feel it's been miscalculated...?
I'll try to be brief:
My wife and I lodged togather and have an investment property. Due to constant rate increases, we did not receive enough rent to cover the expenses; in fact we were at a total $20k loss.
The loss was divided between my spouse and myself. ($10k each)
Now, the income I received from my work totalled $109k less $10k from the property which brought my total income to $99k.
My spouse only received $85k less $10k bringing her total income to $75k.
According to the ATO website, MLS is calculated according to different thresholds. Given that both my spouse's and my income totalled $174k, I believe we fell in the "Base Tier" (under $180k Family Threshold). This Tier charges no MLS, yet both my spouse and I were charged 1%.
I called the ATO at least 30 times over the past 3 weeks, but they claim to have reached peak call numbers every time I call and can't get through. So I can't get any assistance.
Does anyone know the answer?
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