Get the information and schedules that you may need to send with your Attribution CCIV sub-fund tax return 2023.
About the schedules
Where instructed, you must complete the required schedules.
Returns lodged without all the required schedules may be considered not to have been lodged in the approved form. Unless all schedules are lodged by the due date, a failure to lodge on time penalty may be applied.
Do not lodge other schedules with the Attribution CCIV sub-fund trust tax return unless instructed. Keep any other schedules or documents with the CCIV sub-fund trust’s tax records.
Capital gains tax (CGT) schedule
You must lodge a Capital gains tax schedule 2023 with the Attribution CCIV sub-fund tax return if the CCIV sub-fund trust’s total 2022–23:
- capital gains are greater than $10,000, or
- capital losses are greater than $10,000.
For information to help you complete the CGT schedule, see Guide to capital gains tax 2023. The guide includes:
- a capital gain or capital loss worksheet for calculating a capital gain or capital loss for each CGT event
- a CGT summary worksheet for calculating a net capital gain or net capital loss for the income year
- the CGT schedule and instructions.
International dealings schedule (IDS)
You must complete an International dealings schedule 2023, if at Overseas transactions or thin capitalisation on the Attribution CCIV sub-fund trust tax return, you either:
- answered Yes at either of the questions about overseas transactions or thin capitalisation
- included an amount for overseas interest or royalty expenses.
In determining whether you must complete the IDS, consider your circumstances as a CCIV sub-fund. Do not complete the IDS on an aggregated CCIV basis.
For information on Thin capitalisation and to help you complete the IDS, see International dealings schedule instructions 2023.
Rental property schedule
If you have an interest in a rental property in Australia you need to fill out a rental property schedule using Standard Business Reporting (SBR) enabled software. You need to complete a separate schedule for each rental property you own or have an interest in, unless you have multiple rental properties on one title. For example, a number of flats in an apartment complex that is not under strata title. In such instances, show the details of all those properties on one schedule.
Non-individual PAYG payment summary schedule
You may need to complete a Non-individual PAYG payment summary schedule 2023 where these payments occur.
Pay as you go (PAYG) withholding applies to several payments including:
- payments for a supply where no Australian business number (ABN) is quoted and no exemptions for quoting applied to the supplier
- payments arising from investments where no TFN or ABN is quoted, and
- certain payments to foreign residents prescribed in the Regulations.
If the payer withheld an amount from a payment to the CCIV sub-fund trust because the CCIV sub-fund trust did not quote an ABN, the payer should have sent a PAYG payment summary – withholding where ABN not quoted to the trust.
A payer may issue a receipt, remittance advice or similar document in place of the PAYG payment summary – withholding where ABN not quoted. If the CCIV sub-fund trust did not receive or has lost its copy of a payment summary, contact the payer responsible and request a signed photocopy of the payer’s copy.
Where income subject to foreign resident withholding was included in a distribution received from other trusts or partnerships, a Non-individual PAYG payment summary schedule 2023 is not required for these distributions because they do not have an associated payment summary.
Enter the CCIV sub-fund trust’s TFN and name in the appropriate boxes at the top of the schedule.
From each PAYG payment summary – withholding where ABN not quoted issued to the CCIV sub-fund trust from a payer, record on the schedule the:
- payer’s ABN (or withholding payer number)
- total tax withheld
- gross payment
- payer’s name.
Once you have completed the information, lodge the schedule with the Attribution CCIV sub-fund trust tax return.
You do not need to send us copies of any payment summary. Instead, ensure you keep a record of any payment summary you have been provided with the CCIV sub-fund trust’s tax records.
Additional information schedule
If these instructions ask you to provide additional information, enter it at Additional information schedule. Include a heading indicating the question or item the information relates to.
Keep any other schedules or documents with the CCIV sub-fund trust’s tax records.
Continue to: General information for CCIV sub-fund trust