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Schedules for CCIV sub-funds

Get the information and schedules that you may need to complete and attach to your attribution CCIV sub-fund tax return.

Published 30 May 2024

About the CCIV sub-fund schedules

Where instructed, you must complete the required schedules.

If you lodge your tax return without all the required schedules, we may not consider it to have been lodged in the approved form. If you don't lodge your tax return and all schedules by the due date, you may be charged a penalty for failing to lodge on time.

Don't 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

Attribution CCIV sub-fund trusts that have one or more capital gains tax (CGT) event happen during the income year must complete a Capital gains tax schedule 2024.

Complete and attach the CGT schedule to the tax return if either your:

  • total current year capital gains are greater than $10,000
  • total current year capital losses are greater than $10,000.

For help completing the schedule and a copy of the schedule, see Capital gains tax schedule and instructions 2024.

You may also need the:

International dealings schedule (IDS)

You must complete an International dealings schedule 2024, 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. Don't complete the IDS on an aggregated CCIV basis.

For information, see Thin capitalisation and to help you complete the IDS, see International dealings schedule and instructions 2024.

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

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
  • certain payments to foreign residents prescribed in the Taxation Administration Regulations 2017External Link (sections 31–33 have foreign resident withholding provisions) and former Taxation Administration Regulations 1976 (regulations 44A–44D have foreign resident withholding provisions).

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 didn't 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 2024 is not required for these distributions because they don't have an associated payment summary.

Write 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 don't 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 trusts

Return to: What's new for attribution CCIV sub-funds?

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