2024 Tax time summary of non-individual form changes

New

K

Small business energy incentive – not yet law as at 10 May 2024

Removed

P

Offshore banking unit adjustment

Removed

L

Small business technology investment boost

Removed

P

Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets?

Removed

Q

Number of assets you are opting out for

Removed

R

Value of assets you are opting out for

Removed

S

Temporary full expensing deductions

Removed

T

Number of assets you are claiming for

Removed

U

Are you using the alternative income test?

Removed

A

Tax loss 2019-20 carried back to 2018–19

Removed

B

Tax loss 2020-21 carried back to 2018–19

Removed

C

Tax loss 2020-21 carried back to 2019–0

Removed

D

Tax loss 2021-22 carried back to 2018–19

Removed

E

Tax loss 2021-22 carried back to 2019–20

Removed

F

Tax loss 2021-22 carried back to 2020–21

Removed

T

Tax loss 2022–23 carried back to 2018–19

Removed

W

Tax loss 2022–23 carried back to 2019–20

Removed

X

Tax loss 2022–23 carried back to 2020–21

Removed

Y

Tax loss 2022–23 carried back to 2021–22

Removed

G

Tax Rate 2019–20

Removed

H

Tax Rate 2020–21

Removed

Z

Tax Rate 2021–22

Removed

I

Net exempt income 2018–19

Removed

J

Net exempt income 2019–20

Removed

K

Net exempt income 2020–21

Removed

A

Net exempt income 2021–22

Removed

L

Income tax liability 2018–19

Removed

M

Income tax liability 2019–20

Removed

N

Income tax liability 2020–21

Removed

B

Income tax liability 2021–22

Removed

O

Select your aggregated turnover range for 2019–20

Removed

P

Aggregated turnover for 2019–20

Removed

Q

Select your aggregated turnover range for 2020–21

Removed

R

Aggregated turnover for 2020–21

Removed

C

Select your aggregated turnover range for 2021–22

Removed

D

Aggregated turnover for 2021–22

Removed

S

Loss carry back tax offset

New

A

Current year refundable DGTO amount being claimed

New

B

Total amount of current year DGTO already claimed or being claimed by related companies

Removed

8E

Eligible rollover fund

Removed

P

Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets?

Removed

Q

Number of assets you are opting out for

Removed

R

Value of assets you are opting out for

Removed

S

Temporary full expensing deductions

Removed

T

Number of assets you are claiming for

Removed

B

Small business technology investment boost

New

C

Small business energy incentive – not yet law as at 10 May 2024

Removed

P

Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets?

Removed

Q

Number of assets you are opting out for

Removed

R

Value of assets you are opting out for

Removed

S

Temporary full expensing deductions

Removed

T

Number of assets you are claiming for

Removed

B

Small business technology investment boost

New

C

Small business energy incentive - not yet law as at 10 May 2024

New

F1

Gross capital gains

New

F2

Capital losses applied

New

F3

CGT discount applied

New

F4

CGT small business CGT concessions

Renumbered

F5

NCMI capital gains

Renumbered

F6

Excluded from NCMI capital gains

Removed

Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets?

Removed

Number of assets you are opting out for

Removed

Value of assets you are opting out for

Removed

Temporary full expensing deductions

Removed

Number of assets you are claiming for

New

Small business energy incentive - not yet law as at 10 May 2024

Removed

Small business technology investment boost

Removed

Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets?

Removed

Number of assets you are opting out for

Removed

Value of assets you are opting out for

Removed

Temporary full expensing deductions

Removed

Number of assets you are claiming for

New

Small business energy incentive - not yet law as at 10 May 2024

Removed

Small business technology investment boost

Change

30a

Were the thin capitalisation rules applicable to you?

Change

30b

Did you rely on the $2 million threshold exemption?

New

30c

Did you rely on one of the following exemptions in determining the thin capitalisation rules did not disallow any of your debt deductions? See also labels A and B.

Change

32

What was your entity type for the income year?

New

32a

If you entered code 2 or 3 at question 32, label A, what was your financial entity type?

New

32b

Did the thin capitalisation amendments in the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024 apply to you in the income year? See labels A and B.

New

35E

Interest income and other amounts covered by subsection 820-50(3)(b)

New

35F

Interest income and other amounts covered by subsection 820-50(3)(b) derived from related non-residents

New

35a

If you were a general class investor and you entered code 1 at question 32, provide your tax EBITDA information. See also labels A to H.

New

35b

If you were a general class investor and you entered code 1 at question 32, did you rely on the group ratio test? See also labels A to K.

New

35c

If you entered code 1, 2, or 3 at question 32, did you rely on the third party debt test? See also labels A to Q.

New

35d

Were you or a member of your tax consolidated group, a special purpose vehicle subject to section 820-39 of the ITAA 1997? See also labels A to F.

Change

36

Were you an Authorised Deposit-taking Institution (ADI) for the income year? Answer 'Yes' if you entered code 4 or 5 at Question 32 label A.

Change

37

Were you a non-Authorised Deposit-taking Institution (non-ADI) for the income year? Answer 'Yes' if you entered code 6 or 7 at question 32, label A.

New

37a

Were you an investing financial entity non-authorised deposit taking institution (non-ADI) for the income year? Answer 'Yes' if you entered code 2 or 3 at question 32, label A. See also labels A to N.

Change

38B

Provide your arm's length debt (non-ADI) amount

New

38a

If you were an authorised deposit-taking institution, did you rely on the arm's length capital test? See also labels A and B.

New

39a

Did you restructure or replace an arrangement during the income year which would have satisfied the conditions in subsection 820-423A(2) or (5), if the arrangement was still in place on or after 1 July 2024? See also labels A and B

2

Removed - Funding a special dividend or a share buy-back through an equity raising event question.

7

Removed - Cross-border leasing arrangements question.

9

Minor wording changes.

14

Minor wording changes.

19

Subcategory 3 added to the question.

27

Removed - Structured arrangements by item 1 of the table in subsection 832-615(2) of the Income Tax Assessment Act 1997 question.

30

Removed - Private company and more than 10% of its issued shares owned by a single shareholder TD 2019/14 question.

32

Removed - DEMPE of intangible assets TA 2020/1 question.

37

Removed - Arm’s length debt test to determine its maximum allowable debt amount as outlined in PCG 2020/7 question.

43

New question - Arrangements where profits of a private company have been accessed in a tax-free form as described in TA 2923/1.

44

New question - International related party Intangibles Migration Arrangements - PCG 2024/1.

45

New question - Disclosure regarding Excluded Intangibles Arrangements.

n/a

Change to exemption for foreign banks or other qualifying financial entities 'When a transfer pricing position is an RTP'.