Entities participating in the NRAS may claim their share of the refundable tax offset in their tax return.
The refundable tax offset is only available where the Housing Secretary from the Department of Social Services has issued a certificate under the NRAS. In order to claim the offset in 2015–16, the NRAS certificate must relate to the NRAS year 1 May 2015 to 30 April 2016.
The partners' share of the NRAS tax offset must be shown at F of this item and at I item 51 Statement of distribution.
The amount of the entity’s tax offset is the amount stated in the certificate issued by the Secretary of the Department of Social Services. However, if the Secretary issues the entity with an amended certificate under the National Rental Affordability Scheme Act 2008External Link, the amount of the entity’s tax offset is the amount stated in the amended certificate.