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.

Tax on taxable income

J Tax on no-TFN quoted contributions

B Gross tax

C Non-refundable non-carry forward tax offsets

C1 Foreign income tax offset

C2 Rebates and tax offsets

T2 Subtotal

E Refundable tax offsets

E1 Complying funds refundable franking credits tax offset

E2 No-TFN tax offset

E3 National rental affordability scheme (NRAS) tax offset

T5 Tax payable

G Section 102AAM interest charge

H Eligible credits

H1 Credit for interest on early payments - amount of interest

H2 Credit for tax withheld - foreign resident withholding

H3 Credit for tax withheld - where ABN or TFN not quoted (non-individual)

H5 Credit for TFN amounts withheld from payments from closely held trusts

QC25835