Print X in the appropriate box at G.
Print X in the Yes box only if during the 2011-12 income year the fund:
- made an assessable gain or deductible loss under the TOFA rules (unless it was made only because the fund held a qualifying security)
- had an assessable or deductible amount from a transitional balancing adjustment as a result of making the transitional election for existing financial arrangements.
Print X in the No box if during the 2011-12 income year the fund:
- satisfies both of the following:
-
- did not make an assessable gain or deductible loss under the TOFA rules
- did not have an assessable or deductible amount from a transitional balancing adjustment as a result of making the transitional election for existing financial arrangements, or
- had an assessable gain or deductible loss under the TOFA rules only because the fund held a qualifying security to which the TOFA rules apply.
For more information on when the TOFA rules apply to funds, see General information on page 86 or Guide to the taxation of financial arrangements (TOFA) rules.