Individual taxpayers claiming a deduction for an investment in a qualifying Australian film must show the deduction at item D12 on their 2002 tax return forindividuals (supplementary section). Trustees are to show the amount at item 14 on their Trust tax return 2002 (NAT 0660-6.2002), clearly identifying it as a film industry incentive deduction. Companies are to use Company tax return 2002 (NAT 0656-6.2002). The publication C 2002 instructions (NAT 0669-6.2002) has more information about which label to use.
Information to be shown in tax returns
Claiming a deduction for an investment in a qualifying Australian film must be shown at the correct labels.
Last updated 12 June 2003
QC16569