12. Income tax calculation statement

Last updated 12 February 2019

A Taxable income

Show at A the amount of taxable income of $1 or more.

This amount is the amount shown at O Taxable income or loss item 11 when the Loss code box is blank. Write 0 (zero) if the fund has no taxable income or has a tax loss.

J No-TFN quoted contributions tax

B Gross tax

C Rebates and offsets

C1 Credit: foreign income tax offset

C2 Credit: rebates and tax offsets

D Subtotal

E Section 102AAM interest charge

F Eligible credits

F1 Credit: interest on early payments

F2 Credit: foreign resident withholding

F3 Credit: ABN/TFN not quoted (non-individual)

F4 Credit: refundable franking credits

F5 Credit: no-TFN tax offset

F6 Credit: interest on no-TFN tax offset

F7 Credit: refundable National rental affordability scheme tax offset

F8 Credit for TFN amounts withheld from payments from closely held trusts

G PAYG instalments raised

I Total amount due or refundable

QC28016