Re-Leased lets you create and manage GST/VAT/tax returns for property owners — covering initial setup, creating returns, editing transactions, and finalising. Your app will display the term relevant to your location (GST Return, VAT Return, or Tax Return).
Initial Setup for a New Owner Tax Return
If this is the first time a tax return is being created for an owner, create the initial return for the period before the actual period you want to report on. This first return acts as a clear-out period, removing all historic financial data so the next return only includes data for your intended period.
Key settings to configure during first-time setup:
Tax number — sourced from the owner's contact details or entered manually.
Accounting basis — Invoice or Cash.
Tax period frequency — how often returns are required.
First tax period start date — set this to the period before the actual period you want to begin from.
To update these settings later, use the Edit Settings for Owner option.
Creating a New Tax Return
Navigate to Income and Expenses.
Select the GST / VAT / Tax Return tab.
Click Create Tax Return.
Select the Company and then the Owner.
Click Start Tax Return.
The Tax/GST/VAT Details section shows a summary of all relevant transactions organised by tax type, exportable as PDF or CSV. Transactions included depend on the owner's accounting basis (Invoice or Cash).
Editing Transactions Within a Tax Return
Navigate to the Revenue or Expenses page.
Select the relevant invoice number and click Edit Invoice or Edit Credit Note.
After making changes, click Include Latest Changes to refresh the tax return.
Finalising a Tax Return
Click Include Latest Changes to ensure the return reflects all recent modifications.
Review all details carefully.
Click Finalise Tax Return.
After finalisation, you can download the documentation, view details, or delete the return if finalised in error. You can only delete the most recently finalised return for each owner.
Important: Editing invoices or credit notes that have already appeared in a finalised tax return is possible, but adjustments will appear on the next return with ADJUSTMENT noted beside the transaction. Consult an accountant or professional advisor before making post-finalisation changes.
Tax Returns may be referred to as GST Returns, VAT Returns, or Tax Returns depending on region. For more information on regional terminology, see our Glossary of Regional Terminology.