12. Income tax calculation statement

Last updated 12 February 2019

A Taxable income

Show at A the fund's taxable income.

A is mandatory. You must include an amount at A even if it is zero (if zero write 0).

This amount is the amount shown at O Taxable income or loss item 11 when the Loss code box is blank.

T1 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 fund’s 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

QC40267