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Section C: Deductions

Last updated 12 February 2019

This section deals with all deductions relating to 2014–15. Do not show cents for any amount you write at this section on the fund tax return.

Danger

Do not show anywhere on the tax return any expenses that the fund incurred in deriving exempt current pension income. This means that those expenses cannot be included as part of any other deductions claimed at A to L.

End of danger

Do not show anywhere in this section any expenses that the fund incurred in deriving non-arm’s length income and used to calculate U Net non-arm’s length income item 10. This means that those expenses cannot be included as part of any other deductions claimed at A to L.

QC44343